Olo Inc (OLO) Technical Analysis
NYSE:OLO • US68134L1098
Current stock price
OLO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to OLO. 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.
- 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 93% of all other stocks. On top of that, OLO also shows a nice and consistent pattern of rising prices.
- OLO is part of the Software industry. There are 278 other stocks in this industry. OLO outperforms 94% of them.
- OLO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so OLO is leading 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- OLO has an average volume of 5621690 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 10.18 and 10.33.
OLO Weekly and Daily overview Charts
OLO Setup Rating and Analysis
Besides having an excellent technical rating, OLO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
OLO Support and Resistance Analysis
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.
We found 1 important resistance 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.
OLO Technical Indicator Signal Analysis
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. |
OLO Chart- and CandleStick Pattern Analysis
OLO Example Setup
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 worst case loss on the trade is limited to 0.12 points, which is 1.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.29%. |
- 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.
OLO Technicals: Chart, Performance Metrics, Trend & Indicators
10.26
0 (0%)
Olo Inc / OLO TA 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 trend direction for 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 stock?
The MACD indicator for Olo Inc (OLO) has a value of -0.0148587, indicating a bearish trend.
What is the short term momentum for OLO stock?
The short term momentum for Olo Inc (OLO) is positive.