OneConnect Financial Technology Co Ltd (OCFT) Technical Analysis
NYSE:OCFT • US68248T2042
Current stock price
OCFT Technical Rating and Analysis
Taking everything into account, OCFT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OCFT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that OCFT is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, OCFT also shows a nice and consistent pattern of rising prices.
- OCFT is one of the better performing stocks in the Software industry, it outperforms 97% of 272 stocks in the same industry.
- OCFT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OCFT has a been trading in the 7.44 - 7.92 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
OCFT Weekly and Daily overview Charts
OCFT Setup Rating and Analysis
OCFT has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
OCFT Support and Resistance Analysis
6.95
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.42 to 7.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.02 to 7.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
OCFT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OCFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCFT is up. |
| ChartMill Relative Strength | 96.97 | POSITIVE | OCFT has a high relative strength, it outperformed 96.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCFT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.75 | NEUTRAL | The RSI value for OCFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OCFT has a positive trend. |
| Stochastics (14,3) | 79.75 | NEUTRAL | The Stochastics value for OCFT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for OCFT suggests low volalility. |
| Average Directional Index/ADX (14) | 33.28 | POSITIVE | The high ADX value value for OCFT suggests a strong trend. |
OCFT Chart- and CandleStick Pattern Analysis
OCFT Technicals: Chart, Performance Metrics, Trend & Indicators
7.89
+0.01 (+0.13%)
OneConnect Financial Technology Co Ltd / OCFT TA FAQ
Can you provide the ChartMill technical rating for OneConnect Financial Technology Co Ltd?
ChartMill assigns a technical rating of 10 / 10 to OCFT.
What is the current trend direction of OneConnect Financial Technology Co Ltd (OCFT) stock?
The current trend direction for OneConnect Financial Technology Co Ltd (OCFT) is Bullish.
What is the RSI signal for OCFT stock?
OneConnect Financial Technology Co Ltd (OCFT) has an RSI value of 68.7484. This indicates that the stock is currently neutral.
What is the short term momentum for OCFT stock?
The short term momentum for OneConnect Financial Technology Co Ltd (OCFT) is positive.
Can you provide the support and resistance levels for OneConnect Financial Technology Co Ltd?
OneConnect Financial Technology Co Ltd (OCFT) has a support level at 7.75. Check the full technical report for our detailed analysis of OCFT support and resistance levels.