What is the technical trend for Onyx Biotec?

Jun 09 2025 06:59 PM IST
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As of June 2, 2025, Onyx Biotec's trend is neutral and sideways, indicated by lack of clear direction in MACD, Dow Theory, and Bollinger Bands, suggesting a consolidation phase rather than a strong bullish or bearish trend.
As of 2 June 2025, the technical trend for Onyx Biotec has changed from mildly bearish to sideways. The current stance is neutral, reflecting a lack of clear direction. Key indicators supporting this assessment include the MACD showing no signals on both weekly and monthly time frames, and the Dow Theory indicating no trend in either time frame. Additionally, the Bollinger Bands are signaling a sideways movement on the weekly and monthly charts. The stock has recently shown a price increase from the previous close, but overall, the absence of strong momentum indicators suggests a consolidation phase rather than a definitive bullish or bearish trend.
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