Olo Inc (OLO) Stock Technical Analysis
USA - NYSE:OLO - US68134L1098 - Common Stock
Taking everything into account, OLO 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, OLO is showing a nice and steady performance.
Besides having an excellent technical rating, OLO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 10.26, a Stop Loss order could be placed below this zone.
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6.75
2 important support areas can be observed.
- A support zone ranging from 10.18 to 10.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.40 to 10.49. 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 OLO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLO is up. |
| ChartMill Relative Strength | 93.37 | POSITIVE | OLO has a high relative strength, it outperformed 93.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OLO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OLO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OLO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.42 | NEUTRAL | The RSI value for OLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OLO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.24 | NEUTRAL | The Stochastics value for OLO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for OLO suggests low volalility. |
| Average Directional Index/ADX (14) | 29.85 | POSITIVE | The high ADX value value for OLO suggests a strong trend. |
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 |
|---|---|---|---|
| 10.34 | 10.22 | 0.12 (1.16%) | 25.00% |
| An entry @10.34. This is a Buy Stop order right above the 10 day high. | An exit @10.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.12 points, which is 1.16%. | For a 0.29% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
10.26
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Olo Inc / OLO FAQ
What is the ChartMill technical rating of Olo Inc (OLO) stock?
ChartMill assigns a technical rating of 10 / 10 to OLO.
What is the current trend direction of Olo Inc (OLO) stock?
The current trend direction for Olo Inc (OLO) is Bullish.
What is the RSI signal for Olo Inc (OLO) stock?
Olo Inc (OLO) has an RSI value of 61.4176. This indicates that the stock is currently neutral.
What is the MACD signal for Olo Inc (OLO) stock?
The MACD indicator for Olo Inc (OLO) has a value of -0.0148587, indicating a bearish trend.
What are the support and resistance levels for Olo Inc (OLO) stock?
Olo Inc (OLO) has a support level at 10.26 and a resistance level at 10.4. Check the full technical report for our detailed analysis of OLO support and resistance levels.