ONECONSTRUCTION GROUP LTD (ONEG) Technical Analysis
NASDAQ:ONEG • KYG6826S1003
Current stock price
ONEG Technical Rating and Analysis
Taking everything into account, ONEG scores 9 out of 10 in our technical rating. In the last year, ONEG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- ONEG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that ONEG is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, ONEG also shows a nice and consistent pattern of rising prices.
- ONEG is part of the Construction & Engineering industry. There are 55 other stocks in this industry. ONEG outperforms 81% of them.
- In the last month ONEG has a been trading in the 0.96 - 4.25 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
ONEG Weekly and Daily overview Charts
ONEG Setup Rating and Analysis
Although ONEG has an excellent technical rating, it does not present a decent entry opportunity 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.
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ONEG Support and Resistance Analysis
2.28
When analyzing the support we notice one important area.
- Support @2.30 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.15 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ONEG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONEG is up. |
| ChartMill Relative Strength | 94.96 | POSITIVE | ONEG has a high relative strength, it outperformed 94.96% 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) | DOWN | MIXED | The current price of ONEG is above a declining 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) | 74.71 | OVERBOUGHT | The high RSI value suggests ONEG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ONEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.02 | OVERBOUGHT | The high Stochastics value suggests ONEG may be overbought. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for ONEG suggests high volalility. |
| Average Directional Index/ADX (14) | 21.38 | 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
4.02
-0.12 (-2.9%)
ONECONSTRUCTION GROUP LTD / ONEG TA FAQ
What is the ChartMill technical rating of ONECONSTRUCTION GROUP LTD (ONEG) stock?
ChartMill assigns a technical rating of 9 / 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 ONECONSTRUCTION GROUP LTD (ONEG) stock?
ONECONSTRUCTION GROUP LTD (ONEG) has an RSI value of 74.7126. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ONECONSTRUCTION GROUP LTD?
The MACD indicator for ONECONSTRUCTION GROUP LTD (ONEG) has a value of 0.173057, indicating a bearish trend.
Can you provide the short term momentum for ONECONSTRUCTION GROUP LTD?
The short term momentum for ONECONSTRUCTION GROUP LTD (ONEG) is positive.