What’s Better: Mirati Therapeutics, Inc. ($MRTX) or Oasmia Pharmaceutical AB ($OASM)

2019-08-16 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: Mirati Therapeutics, Inc. and Oasmia Pharmaceutical AB. 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, Mirati Therapeutics, Inc. opened at 91.76, got to a maximum price of 92.4 and dropped to as low as 89.45 before finishing the session at 90.12. In total there were 277900 shares traded, which is enough to conduct our analysis. Compare that now to Oasmia Pharmaceutical AB, which opened at 1.5, had a high of 1.61, a low of 1.461, closed at 1.56 and had a total volume of 11600.

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 Mirati Therapeutics, Inc. Oasmia Pharmaceutical AB
Accumulation-distribution index 873.84204 -4448.78444
on-balance volume 91.39 -1.44
chaikin money flow

8.21875 1.70909
force index

3.024 0.00476
ease of movement rating

0.00718 9e-05
volume-price trend

6.63045 -0.2574
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 Mirati Therapeutics, Inc. Oasmia Pharmaceutical AB
Average true range 2.7691 0.09883
Bolinger bands 91.32593 1.4802
Upper bollinger band 88.55407 1.4208
Lower bollinger band

89.45 1.461
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

91.20333 1.52367
High band keltner channel

90.56333 1.41367
Low band keltner channel

91.84333 1.63367
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

89.45 1.461
Donchain channel low band

89.45 1.461
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 Mirati Therapeutics, Inc. Oasmia Pharmaceutical AB
Moving Average Convergence Divergence (MACD) trend_macd -0.00047
MACD signal 0.01222 -0.00026
MACD difference 0.00977 -0.00021
fast Exponential Moving Average (EMA) indicator

89.45 1.461
slow Exponential Moving Average (EMA) indicator

89.45 1.461
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

0.24591 0.5011

1.32086 -11.3265
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 66.66667
Detrended Price Oscillator (DPO)

-6.10509 0.30909
KST Oscillator (KST)

73.25085 -174.61871
KST Oscillator (KST Signal)

73.25085 -174.61871
KST difference

2.93959 -2.96595
Ichimoku rating

92.08 1.555
Ichimoku B rating

92.08 1.555
Ichimoku visual trend A

88.07817 1.83515
Ichimoku visual trend B

92.32789 1.84763
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 Mirati Therapeutics, Inc. Oasmia Pharmaceutical AB
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 36.44185
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

72.5493 -93.07207
stochastic oscillator

460.9375 135.45455
stochastic oscillator signal

460.9375 135.45455
Williams %R rating

360.9375 35.45455
awesome oscillator

0.35875 0.01833

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Mirati Therapeutics, Inc. and Oasmia Pharmaceutical AB.

Daily return 7.32509 -17.46187
Daily log return 1.08963 -1.4478
Cumulative return 1.09558 -1.43737

So there you have it: our deep, grueling analysis comparing Mirati Therapeutics, Inc. and Oasmia Pharmaceutical AB 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 Mirati 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 MRTX is strong or weak. Again – this is not a reliable indication of whether Mirati 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 Oasmia Pharmaceutical AB

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.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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