OLO INC - CLASS A (OLO) Stock Technical Analysis
NYSE:OLO - New York Stock Exchange, Inc. - US68134L1098 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, OLO did better than 96% 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 90% of 282 stocks in the same industry.
A new 52 week high is currently being made by OLO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month OLO has a been trading in the 8.23 - 10.15 range, which is quite wide. It is currently trading near the high of this range.
OLO has an average volume of 3023360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although OLO has an excellent technical rating, it does not offer a high quality setup 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
6.40
10.25
We found 4 important support areas.
- A support zone ranging from 10.11 to 10.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.15 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.47 from a horizontal line in the daily time frame.
- A support zone ranging from 6.46 to 6.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.13 to 10.15. 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 | 96.21 | POSITIVE | OLO has a high relative strength, it outperformed 96.21% 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) | 75.48 | OVERBOUGHT | The high RSI value suggests OLO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests OLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.79 | OVERBOUGHT | The high Stochastics value suggests OLO may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for OLO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.85 | 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)
10.12
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week-0.1%
2 Weeks17.4%
1 Month16.32%
3 Month67%
6 Month30.75%
12 Month112.16%
2 Year28.75%
3 Year-5.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.83%
ATR Inc-91.15%
Range Today0.03
ADR(20)0.22
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.21
Mansfield3.78
10 Day High10.15
10 Day Low8.49
20 Day High10.15
20 Day Low8.23
52 Week High10.15
52 Week Low4.56
CS1 End10.11
CR1 Start10.13
Volume & EV
DER(3)-2.48%
DER(5)-1.14%
Volume3.77M
Volume Incr6.66%
Vol(5)4.28M
Vol(50)3.02M