ONDAS INC (ONDS) Stock Technical Analysis
NASDAQ:ONDS • US68236H2040
Taking everything into account, ONDS scores 6 out of 10 in our technical rating. In the last year, ONDS was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month ONDS has a been trading in the 8.32 - 14.33 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ONDS is one of the better performing stocks in the market, outperforming 99% of all stocks.
- ONDS is part of the Communications Equipment industry. There are 48 other stocks in this industry. ONDS outperforms 95% of them.
- ONDS has an average volume of 93371400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- ONDS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONDS is lagging the market.
Although the technical rating is only medium, ONDS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
7.90
When analyzing the support we can see 3 important areas.
- Support @8.80 from a trend line in the daily time frame.
- A support zone ranging from 8.46 to 8.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.98 from a trend line in the weekly 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 ONDS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONDS is down. |
| ChartMill Relative Strength | 99.21 | POSITIVE | ONDS has a high relative strength, it outperformed 99.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONDS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ONDS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONDS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.47 | NEUTRAL | The RSI value for ONDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests ONDS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.86 | OVERSOLD | The low Stochastics value suggests ONDS may be oversold. |
| Average True Range in percent/ATR (20) | 14.13 | HIGH VOLATILITY | The high ATR as a percentage value for ONDS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.82 | NEUTRAL | The ADX value for ONDS suggests a possible start of a new trend. |
9.31
+0.34 (+3.79%)
ONDAS INC / ONDS FAQ
What is the technical rating for ONDS stock?
ChartMill assigns a technical rating of 6 / 10 to ONDS.
What is the trend direction for ONDS stock?
The current trend direction for ONDAS INC (ONDS) is Bullish.
Can you provide the RSI signal for ONDAS INC?
ONDAS INC (ONDS) has an RSI value of 43.4681. This indicates that the stock is currently neutral.
What is the MACD signal for ONDAS INC (ONDS) stock?
The MACD indicator for ONDAS INC (ONDS) has a value of -0.295836, indicating a bearish trend.
Can you provide the buy/sell signal for ONDAS INC?
The buy/sell signal for ONDAS INC (ONDS) is hold as the short term and long term trends are mixed.