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ONTX Stock Analysis: ONTX Stock (Onconova Therapeutics) is a clinical-stage pharmaceutical company, which engages in the identification and development of oncology therapeutics. ONTX focuses on discovering and developing small molecule drug candidates to treat cancer. In this ONTX Stock Analysis video, we analyze ONTX stock from a macroscopic and microscopic perspective, for both mid-to-long term investors and day or swing traders. We also establish levels of support and resistance, analyze the RSI (Relative Strength Index), volume-weighted moving average, volume trends, bullish and bearish movement and pressure, and potential entry and exit points for your trade.
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What is up, everybody welcome to trades trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks. I'd like to preface by saying that i am not a financial advisor nor expert, i am just some random dude on youtube, so take what i say with a grain of salt.

The reason i started this channel is because a couple of years back, i was about 30 000 in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money in The market and i am happy to say that i am now financially free. So if i can pass along any of the information resources or tools to you guys and make your lives a little bit better off than they were before, maybe you can do the same for somebody else. That's all guy can ask for. Lastly, if you would not mind joining uh liking liking the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos every day, multiple times a day, i want to give a quick shout Out to the uh the patreons, some of the some of the recent patrons i've got raph sean albert flacco, esky, kenny dean, brian jagger zay brian simon zack, mike francis brandon.

These guys will have access to a private discord, so they can talk all things, stocks, bounce ideas off each other and myself, and some of them will have access to my whatsapp. If you're interested. There is a link in the description box down below to my patreon. So you're gon na be looking at ticker symbol otntx, and this was a requested stock by m seamer.

He said tray my man. I got an interesting one on call canova, and this stock is very interesting. I'm not gon na lie. It is crazy to me how hot right now the pharmaceutical and therapeutics sector is.

This is uh. This is crazy. I feel like all the hot penny stocks right now are in this sector, and this is no exception guys i'm really liking. What we're seeing right here.

Uh, it is very interesting, so we're gon na take a quick look at what ontx is just a quick fundamental overview: they're a clinical stage biopharmaceutical company which engages in the identification and development of oncology therapeutics. It focuses on discovering and developing small molecule drug candidates to treat cancer. The company was founded by ramesh kumar and e prem kumar ready on december 22 1998 and is headquartered in newtown pennsylvania, so pretty decent stock. It's got a following of about 30 37 000 people.

The message volume on stock twits is up a lot uh 180. So this is a pretty hot stock right now the the sentiments going up. The price has been going up pretty drastically over the last day. It's not a 65 increase.

Last week it's been a pretty solid growth. Last month it's been on some pretty solid growth. This doesn't seem like a bad stock right now, guys i'm really liking what we're seeing on on ontx. So we're going to talk about the overall bullish and bearish movement that we've seen over the last last month or so we're going to look at the trading volume, the the volume weighted moving average.

The rsi indicator we're going to look at this from a macroscopic and microscopic point of view, establish some resistance, support levels and potential entry and exit points depending on your trading strategy. So, let's get right into the video we're going to establish a level of support right here. We are currently trading below this, so it is going to be an acting level of resistance at the moment and then in the pre-market. We have tested out this level two times now at 65-72 cents, so that'll be very interesting.

We did see a pretty harsh spike. All the way up to uh about 83 cents in in the pre market. This is very interesting because there wasn't really any volume that pushed that. So i'm wondering what the market makers are doing here.

That is very interesting um. It is hot right now guys and i'm i'm actually pretty interested in. You know if ocg doesn't pan out, which is a stock that i have a position in. I might i might move over to this.

I'm not i'm not minding the price action that we're seeing here, i'm going to be watching ont, x, zome and then i'm going to cover another video later today. Another subscriber requested stock on uh ticker symbol, ga xy galaxy. These three are very interesting to me and i think they have potential to do some pretty good things, but i'm liking the price action on this one and galaxy, probably the most so far. This is uh.

This is pretty interesting, so the overall volume trend you can see that we have a huge spike in volume, which is why we see this uh, this huge spike in price. We went up 65 percent yesterday, as i've said before, on this channel volatility, drive or volume drives volatility and volatility drives higher price valuation, so you can see that we are. We are on a very bullish, run right now, guys i mean if you look back a month ago we were trading at 31 cents and we are right now sitting at you know: 68 cents in the in the pre market, which is looking pretty solid. I'm not minding that whatsoever, so we do have 65 cents as a level of support 70 cents as a secondary level of support current acting level of resistance, and then, if we do fall through both of these levels, we are looking.

You know right around here. I i would say at 53 cents, as uh as a very solid uh fallback support level to watch for so levels of resistance. You know if we can push above you know we have. This is a pretty solid indicator, this huge spike in the pre-market 83 cents.

As a very solid acting level of resistance and then we're looking at about 0.8691 cents, followed by just about a dollar, we did push very close 96 cents, we'll round that out to 97 cents as a level of resistance. And if we can't push over this guys, i would not be surprised whatsoever with a one plus dollar end of day uh, so i am going to keep my eyes on this. This is an interesting stock. I really like the volume that we're seeing here and if we can continue that trend in volume, i think some pretty solid things are going to come.

So if you guys have any news on ontx, please leave it in the comment section down below to help out the community here at trey's trades. What is awesome about what we're doing with this channel is. All i do is the technical analysis. I try and find some information on the stock.

I try to to tell you how the price action is looking, what i'm feeling about it, and i could not do this without you guys right. That's what makes our community special. We have so many eyes getting different perspectives and bringing all these different stocks that not a single person can do by themselves right we're all working together to make some money, and you guys keep doing that it is it is. It is awesome - and i have i've - read some posts in the comment section about people who have made.

You know 10 to 30 to 50 000 on some of these plays that that we've been in and it's it's really rewarding guys. So i just wanted to give a quick thank you and shout out to everybody out there doing these things. It's really awesome, so the rsi indicator. We were looking a little bit overbought yesterday.

Anything over 70 is overbought. Anything under 30 is oversold and we have seemed to correct from that overbought territory. We have been trading right around 50, so i'm not minding the current rsi indicator. That is looking pretty solid to me.

If you look in the past, though, when we saw a pretty drastic spike like that, you know the correction that followed did take a couple of days. So, just looking at that trend keep that in the back of your mind, if we do see this trend play out again, you know the drop in volume. That's going to be pretty indicative on the price action that we're probably going to see. However, if we do see some pretty heavy volume flow into the stock today, it is likely that we continue to see this trend.

It isn't is extremely likely to continue the volatility, the hot run that we're seeing um. I would not be surprised whatsoever if we have another bullish day. I mean we are a pretty solid bullish run right now. We've had uh one two solid bullish days in a row.

You know the day before that was a little bit bearish. We dropped off a little bit, but i'm really liking the price action on the volume weighted moving average. We are currently trading just a hair below it, but if we can push back up over 80 cents, we are still going to be in extremely bullish territory, so i am liking that a lot that is looking very strong to me. I'm not minding the the price action on this whatsoever.

In fact, i really enjoy it. I think uh, i think if i, if i'll see it ocgn doesn't pan out. For me, this is where i'm going to go, and i just want to give you guys a quick overview on my portfolio. I am currently in jagx ocgn and idex.

As my as my quicker plays, you know, idx i might play out as a mid to long term. Honestly, it's it's done pretty! Well, i'm pretty happy with it. I'm in jagex at 113, i'm in ocgn at 320. down a little bit of money on this.

You know i am down about 218 dollars on ocgn up about 738 on jag x, um, 72 percent and then down 13. So if jeff, if ocg is looking a little bit flat, i might cut my losses once it hits. You know 17 18 percent down and move my money into either oncx uh, gaxy or zome, depending on the price action. So just watch for these zones right watch to see if you can get a potential entry point around this uh this.

This price range right here. You know it's kind of hard to see just because of uh we'll back this in look for 70 cents, look for 65 cents! If you, if you can get this at 53 cents, that's even better, and i imagine that the most likely course of action on this is that you're going to see a pullback at market open. If you are able to get into this stock, followed by a pretty pretty harsh rally for the rest of the market hours, this stock, historically speaking, does seem to have some pretty heavy price action during the regular trading hours and then during the after hours in pre-market. We do see either you know, consolidation or a little bit of sell-off action.

So you know just keep that in the back of your mind, for a for a trend to watch on on ontx so watch to see if we have some of the similar volume. That's coming in here, you know like this is a 60 minute time frequency, so look for anywhere between uh, 13 million shares traded all the way up to 51 million shares traded. If you see you know anything under a million or near a million, you can assume that the volume has dropped off quite a bit and we are probably looking at um at a potential for bearish territory. But i don't think that's going to be the case.

If you look here in the pre-market, we're looking at a pretty decent amount of volume, guys, this is looking pretty solid, i'm really liking that we have 831 000 shares that are traded right here on this on this given bar and i'm assuming. This is what drove the price valuation up this huge chunk right here i mean it does seem pretty self-explanatory. I don't think that all these were red. This may be a glitch in uh in fidelity pro, because we did see a pretty harsh climb in stock price.

So i do think this is going to be a pretty bullish day. I would keep an eye on the stock, keep it in your watch list. At the very least i am going to stay in jack x until monday. I am planning on that stock.

Has a merger um potential merger that is going to go through on that date, so i'm going to hold until at least then, but i think this is going to be a pretty hot stock. So let's take a look at this on the one day. One minute chart i'm gon na go to the two days, so you can see you know the overall trend that we're seeing right here, but we do have a support level uh currently sitting right here we are trading above this at 70 cents or so, which is Very close to what we're seeing right here, guys and then a fallback if this does not pan out right around here. I, like this level at 59 cents, followed by one more support level right here at 66 cents.

So if you can get this stock anything anything under 70 cents, i would not be super upset with whatsoever. If you are awake for the pre-market are able to get in during the pre-market. This may be a pretty solid stock to get your money into. I do think this will pan out pretty decently well and then we do have resistance levels to watch.

You know sitting right here at 79 cents or so followed by you know we do have a little head and uh reverse head and shoulders action right here, which is a bullish sign in my mind: uh 87 cents or so 88 cents. And then we are looking right around a dollar, so we're going to look at this at 97 cents or so so, if you're looking to day or swing trade, this you know an entry around 59 cents and then selling off anywhere in this range you're going to Be looking at a pretty solid margin return, but i do think this has potential to go over a dollar guys, i'm liking the action on this. The the pharmaceutical sector right now is extremely hot. I think a lot of people are riding some hype, train and and really trying to get in on this price action on on pharmaceuticals.

So i do think this has some pretty high potential to see a massive run up over the next day or two days. If we continue to see this overall trend in volume, so that's what i have for ont x, uh, another shout out to subscriber m siever. I hope that this was helpful. My friend, i hope that you uh.

I hope that you are able to get some some solid returns out of this stock. It does seem like it could play out pretty well, and this is definitely gon na be on my watch list. So i would recommend keeping this on your watch list guys if you are uh, if you're looking for another quick money play to put in your portfolio, this does seem like a pretty solid one. This stock zone and uh we're going to cover galaxy here in just a minute another subscriber requested stock.

So thank you for coming to the videos, my my friends. I hope it was helpful. Please drop a like if you enjoyed it, it does help support the channel. Consider subscribing if you'd like, to see more content like this, as i do post videos every day and lastly, i do have an affiliate link in the description box down below for tubebuddy.

Now. Tubebuddy is an seo optimization website that i personally paid a nine dollar per month, uh membership fee for and it helps get your videos into the eyes of your intended audience. It is highly what i attribute growing from zero to 1 000 subscribers in 17 days too, and i could not highly recommend this enough. I wouldn't recommend it if i didn't personally use it and love it.

So if you do use my link, i do receive a commission. It's a great way to support the channel and, if you're not interested at all, that's totally fine. I'm just glad to have you here as a part of the community and the part of the crew. At trey's trade, so that's what i have for the video today.

Thank you for watching my friends and i will see you all next time. Peace.

By Trey

12 thoughts on “Ontx will break $1 if this happens! // subscriber-requested stock // ontx stock analysis technical”
  1. Avataaar/Circle Created with python_avatars Ronak Amalani says:

    The CEO of ONTX used to be at OCGN

  2. Avataaar/Circle Created with python_avatars Ronak Amalani says:

    1300 shares at .89

  3. Avataaar/Circle Created with python_avatars 讗住祝 讝讻专讬讛 says:

    Is it now time to sell or is the target now $ 2

  4. Avataaar/Circle Created with python_avatars SF8 F says:

    GEVO and BTAQ will be the next rocket 馃殌 stocks.

  5. Avataaar/Circle Created with python_avatars Chia Ryan says:

    What about GAXY

  6. Avataaar/Circle Created with python_avatars yitian xia says:

    But ontx is 0.6 now. I'm stuck

  7. Avataaar/Circle Created with python_avatars Tim Fisher says:

    Thinking about getting in this. Times are crazy right now though. Dont wanna get fomo

  8. Avataaar/Circle Created with python_avatars Rakesh Sagu says:

    Why was the stock valued at over $50 a couple years ago? Please explain Trey!!

  9. Avataaar/Circle Created with python_avatars Brian Benavides says:

    Great video! What are your thoughts on GIX and ACST?

  10. Avataaar/Circle Created with python_avatars Melanie Desiree says:

    Awesome 馃槏馃拫 馃挐馃挅鈾ワ笍鉂わ笍

  11. Avataaar/Circle Created with python_avatars Luciano Felipe says:

    Woow woow 馃槏馃拫 馃挐馃挅鉂わ笍

  12. Avataaar/Circle Created with python_avatars M Seber says:


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