OneConnect Financial Technology Co Ltd (OCFT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OCFT - US68248T2042 - ADR
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.
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.
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6.95
2 important support areas can be observed.
- 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.
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. |
7.89
+0.01 (+0.13%)
OneConnect Financial Technology Co Ltd / OCFT 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 trend direction for OCFT stock?
The current trend direction for OneConnect Financial Technology Co Ltd (OCFT) is Bullish.
Can you provide the RSI signal for OneConnect Financial Technology Co Ltd?
OneConnect Financial Technology Co Ltd (OCFT) has an RSI value of 68.7484. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OneConnect Financial Technology Co Ltd?
The MACD indicator for OneConnect Financial Technology Co Ltd (OCFT) has a value of 0.0272981, indicating a bearish trend.
What is the short term momentum for OCFT stock?
The short term momentum for OneConnect Financial Technology Co Ltd (OCFT) is positive.