OLO INC - CLASS A (OLO) Stock Technical Analysis
NYSE:OLO - New York Stock Exchange, Inc. - US68134L1098 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
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 91% of 282 stocks in the same industry.
OLO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OLO is performing more or less in line with the market.
OLO has an average volume of 1566630 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 the 6.99 - 9.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 8.70, a Stop Loss order could be placed below this zone.
More info and screens
5.92
8.80
3 important support areas can be observed.
- A support zone ranging from 8.64 to 8.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.19 to 6.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.98 from a horizontal line in the daily time frame.
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 | 96.17 | POSITIVE | OLO has a high relative strength, it outperformed 96.17% 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) | 60.17 | NEUTRAL | The RSI value for OLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests OLO has a negative trend. |
| Stochastics (14,3) | 44.41 | NEUTRAL | The Stochastics value for OLO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for OLO suggests some volalility. |
| Average Directional Index/ADX (14) | 41.87 | 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)
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 |
|---|---|---|---|
| 8.92 | 8.63 | 0.29 (3.26%) | 25.00% |
| An entry @8.92. This is a Buy Stop order right above the 10 day moving average. | An exit @8.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.29 points, which is 3.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The distance between exit and entry is rather small compared to the average daily movement of OLO. Please evaluate whether better entry and exit points can be found.
- 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.
8.71
-0.02 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.23%
1 Week-1.02%
2 Weeks-5.53%
1 Month22.33%
3 Month26.42%
6 Month19.48%
12 Month90.17%
2 Year26.6%
3 Year-18.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%4.71%
ATR Inc-29.67%
Range Today0.2
ADR(20)0.39
ADR(20)%4.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.17
Mansfield3.66
10 Day High9.39
10 Day Low8.44
20 Day High9.78
20 Day Low6.99
52 Week High9.78
52 Week Low4.2
CS1 End8.7
CR1 StartN/A
Volume & EV
DER(3)-0.8%
DER(5)1.42%
Volume1.27M
Volume Incr-40%
Vol(5)1.25M
Vol(50)1.57M