ONECONNECT FINANCIAL TECHNO (OCFT) Stock Technical Analysis
NYSE:OCFT - New York Stock Exchange, Inc. - US68248T2042 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to OCFT. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, OCFT did better than 98% of all other stocks. We also observe that the gains produced by OCFT over the past year are nicely spread over this period.
OCFT is part of the Software industry. There are 282 other stocks in this industry. OCFT outperforms 95% of them.
OCFT is currently making a new 52 week high. This is a strong signal. 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 6.96 - 7.58 range, which is quite wide. It is currently trading near the high of this range.
Although OCFT has an excellent technical rating, the quality of the presented setup is not ideal 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
6.91
7.61
We found 1 important support area.
- A support zone ranging from 6.98 to 7.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 98.39 | POSITIVE | OCFT has a high relative strength, it outperformed 98.39% 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) | 72.16 | OVERBOUGHT | The high RSI value suggests OCFT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OCFT has a positive trend. |
| Stochastics (14,3) | 85.96 | OVERBOUGHT | The high Stochastics value suggests OCFT may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.4 | NEUTRAL | The ADX value for OCFT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.59 | 7.12 | 0.47 (6.21%) | 16.09% |
| An entry @7.59. This is a Buy Stop order right above the 10 day high. | An exit @7.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 6.21%. | When investing 16.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.53
+0.06 (+0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.8%
1 Week4.44%
2 Weeks4.01%
1 Month5.17%
3 Month24.46%
6 Month196.46%
12 Month318.33%
2 Year96.09%
3 Year-47.34%
5 Year-96.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%2.18%
ATR Inc-19.34%
Range Today0.13
ADR(20)0.16
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.39
Mansfield7.41
10 Day High7.58
10 Day Low7.13
20 Day High7.58
20 Day Low6.96
52 Week High7.58
52 Week Low0.87
CS1 End7.07
CR1 StartN/A
Volume & EV
DER(3)1.67%
DER(5)0.86%
Volume102.50K
Volume Incr26.43%
Vol(5)61.02K
Vol(50)59.04K