Odonate Therapeutics, Inc. ($ODT) Heads Up Against Therapix Biosciences Ltd. ($TRPX)

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: Odonate Therapeutics, Inc. and Therapix Biosciences Ltd.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Odonate Therapeutics, Inc. opened at 32.62, got to a maximum price of 34.54 and dropped to as low as 31.77 before finishing the session at 33.68. In total there were 70400 shares traded, which is enough to conduct our analysis. Compare that now to Therapix Biosciences Ltd., which opened at 2.4, had a high of 2.45, a low of 2.37, closed at 2.4 and had a total volume of 60300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Odonate Therapeutics, Inc. Therapix Biosciences Ltd.
Accumulation-distribution index 334.10692 33.36
on-balance volume 32.35 -2.34
chaikin money flow

1.88542 2.2
force index

-0.3408 0.0418
ease of movement rating

-0.00498 0.00081
volume-price trend

5.36193 -0.32576
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Odonate Therapeutics, Inc. Therapix Biosciences Ltd.
Average true range 0.98769 0.16359
Bolinger bands 31.98822 2.51627
Upper bollinger band 31.66578 2.06373
Lower bollinger band

31.77 2.37
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

32.97667 2.40667
High band keltner channel

31.05667 2.35667
Low band keltner channel

34.89667 2.45667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

31.77 2.37
Donchain channel low band

31.77 2.37
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Odonate Therapeutics, Inc. Therapix Biosciences Ltd.
Moving Average Convergence Divergence (MACD) trend_macd -0.00359
MACD signal 0.00142 -0.00199
MACD difference 0.00114 -0.0016
fast Exponential Moving Average (EMA) indicator

31.77 2.37
slow Exponential Moving Average (EMA) indicator

31.77 2.37
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.28435 0.11988

7.10698 -7.36447
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

-4.38678 0.38641
KST Oscillator (KST)

160.19961 -140.18597
KST Oscillator (KST Signal)

160.19961 -140.18597
KST difference

1.04078 -14.51163
Ichimoku rating

33.58 2.425
Ichimoku B rating

33.58 2.425
Ichimoku visual trend A

29.65215 2.91895
Ichimoku visual trend B

32.4481 2.85335
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Odonate Therapeutics, Inc. Therapix Biosciences Ltd.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 13.71108
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

83.76865 -26.10881
stochastic oscillator

144.27083 160.0
stochastic oscillator signal

144.27083 160.0
Williams %R rating

44.27083 60.0
awesome oscillator

0.19511 -0.02833

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Odonate Therapeutics, Inc. and Therapix Biosciences Ltd..

Daily return 16.01996 -14.0186
Daily log return 0.35819 -6.98974
Cumulative return 0.35883 -6.75105

So there you have it: our deep, grueling analysis comparing Odonate Therapeutics, Inc. and Therapix Biosciences Ltd. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Odonate Therapeutics, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether ODT is strong or weak. Again – this is not a reliable indication of whether Odonate Therapeutics, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Therapix Biosciences Ltd.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

Gary Ivenchuck

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