ONECONSTRUCTION GROUP LTD (ONEG) Technical Analysis
NASDAQ:ONEG • KYG6826S1003
Current stock price
ONEG Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ONEG. Although ONEG has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- ONEG is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so ONEG is lagging the market.
- In the last month ONEG has a been trading in the 0.96 - 2.48 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 ONEG is one of the better performing stocks in the market, outperforming 84% of all stocks.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ONEG is part of the Construction & Engineering industry. There are 56 other stocks in this industry, ONEG did better than 58% of them.
ONEG Weekly and Daily overview Charts
ONEG Setup Rating and Analysis
ONEG has an average technical rating and the quality of the presented setup is also not ideal 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
ONEG Support and Resistance Analysis
1.57
3 important support areas can be observed.
- Support @1.90 from a trend line in the daily time frame.
- Support @1.62 from a trend line in the daily time frame.
- Support @1.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.18 to 2.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
ONEG 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 | DOWN | NEGATIVE | The long term trend for ONEG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONEG is neutral. |
| ChartMill Relative Strength | 84.61 | POSITIVE | ONEG has a high relative strength, it outperformed 84.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ONEG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ONEG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.42 | NEUTRAL | The RSI value for ONEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ONEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.2 | NEUTRAL | The Stochastics value for ONEG is a neutral value. |
| Average True Range in percent/ATR (20) | 17.41 | HIGH VOLATILITY | The high ATR as a percentage value for ONEG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.17 | NEUTRAL | The ADX value for ONEG suggests a possible start of a new trend. |
ONEG Chart- and CandleStick Pattern Analysis
ONEG Technicals: Chart, Performance Metrics, Trend & Indicators
2.17
+0.03 (+1.4%)
ONECONSTRUCTION GROUP LTD / ONEG TA FAQ
What is the ChartMill technical rating of ONECONSTRUCTION GROUP LTD (ONEG) stock?
ChartMill assigns a technical rating of 5 / 10 to ONEG.
What is the current trend direction of ONECONSTRUCTION GROUP LTD (ONEG) stock?
The current trend direction for ONECONSTRUCTION GROUP LTD (ONEG) is Bearish.
What is the RSI signal for ONEG stock?
ONECONSTRUCTION GROUP LTD (ONEG) has an RSI value of 52.4187. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ONECONSTRUCTION GROUP LTD?
ONECONSTRUCTION GROUP LTD (ONEG) has a support level at 1.9 and a resistance level at 2.18. Check the full technical report for our detailed analysis of ONEG support and resistance levels.