ONEX CORPORATION (ONEX.CA) Stock Technical Analysis
TSX:ONEX - Toronto Stock Exchange - CA68272K1030 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to ONEX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ONEX is only an average performer.
The long and short term trends are both positive. This is looking good!
ONEX is one of the better performing stocks in the Capital Markets industry, it outperforms 71% of 82 stocks in the same industry.
ONEX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ONEX is lagging the market slightly.
In the last month ONEX has a been trading in the 106.32 - 115.41 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that ONEX is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ONEX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 114.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 113.00, a Stop Loss order could be placed below this zone.
More info and screens
87.82
116.83
We found 4 important support areas.
- A support zone ranging from 110.60 to 113.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 100.70 to 101.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.09 from a trend line in the weekly time frame.
- Support @88.71 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 114.12 to 115.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ONEX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONEX.CA is up. |
| ChartMill Relative Strength | 73.1 | POSITIVE | ONEX.CA has a high relative strength, it outperformed 73.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONEX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONEX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONEX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.59 | NEUTRAL | The RSI value for ONEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ONEX.CA has a negative trend. |
| Stochastics (14,3) | 76.58 | NEUTRAL | The Stochastics value for ONEX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for ONEX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.88 | POSITIVE | The high ADX value value for ONEX.CA 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 |
|---|---|---|---|
| 115.68 | 110.59 | 5.09 (4.40%) | 22.73% |
| An entry @115.68. This is a Buy Stop order right above the resistance zone. | An exit @110.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.09 points, which is 4.40%. | When investing 22.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:ONEX (7/18/2025, 7:00:00 PM)
113.87
-1.18 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.03%
1 Week1.65%
2 Weeks0.57%
1 Month6.73%
3 Month25.64%
6 Month2.65%
12 Month17.99%
2 Year40.6%
3 Year66.38%
5 Year91.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.94
ATR(20)%1.8%
ATR Inc-11.99%
Range Today1.51
ADR(20)2.02
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.1
Mansfield0.21
10 Day High115.41
10 Day Low110.02
20 Day High115.41
20 Day Low106.32
52 Week High118.91
52 Week Low85.36
CS1 End113
CR1 Start114.12
Volume & EV
DER(3)-2.64%
DER(5)-7.64%
Volume50.04K
Volume Incr-40.36%
Vol(5)57.54K
Vol(50)227.76K