OLO INC - CLASS A (OLO) Stock Technical Analysis
NYSE:OLO - New York Stock Exchange, Inc. - US68134L1098 - Common Stock - Currency: USD
Overall OLO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, OLO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, OLO did better than 93% of all other stocks. We also observe that the gains produced by OLO over the past year are nicely spread over this period.
OLO is one of the better performing stocks in the Software industry, it outperforms 87% of 283 stocks in the same industry.
OLO 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.
OLO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
OLO has an average volume of 4062060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month OLO has a been trading in a tight range between 10.12 and 10.54.
Although OLO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.43
10.59
We found 4 important support areas.
- A support zone ranging from 10.19 to 10.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.96 from a trend line in the weekly time frame.
- Support @6.61 from a trend line in the weekly time frame.
- Support @6.49 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.25 to 10.49. 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 OLO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLO is up. |
| ChartMill Relative Strength | 93.24 | POSITIVE | OLO has a high relative strength, it outperformed 93.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OLO is below 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) | 59.64 | NEUTRAL | The RSI value for OLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OLO has a negative trend. |
| Stochastics (14,3) | 43.67 | NEUTRAL | The Stochastics value for OLO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for OLO suggests low volalility. |
| Average Directional Index/ADX (14) | 41.31 | POSITIVE | The high ADX value value for OLO suggests a strong 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)
10.2
-0.14 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.35%
1 Week-1.83%
2 Weeks0.59%
1 Month0.79%
3 Month17.92%
6 Month42.66%
12 Month99.61%
2 Year58.14%
3 Year30.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.77%
ATR Inc66.81%
Range Today0.17
ADR(20)0.06
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.24
Mansfield3.18
10 Day High10.55
10 Day Low10.13
20 Day High10.55
20 Day Low10.12
52 Week High10.55
52 Week Low4.56
CS1 End10.19
CR1 Start10.25
Volume & EV
DER(3)-0.24%
DER(5)-0.44%
Volume12.48M
Volume Incr11.2%
Vol(5)5.42M
Vol(50)4.06M