ONFOLIO HOLDINGS INC (ONFO) Stock Technical Analysis
NASDAQ:ONFO - Nasdaq - US68277K2078 - Common Stock - Currency: USD
Taking everything into account, ONFO scores 4 out of 10 in our technical rating. Although ONFO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, ONFO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.06, a Stop Loss order could be placed below this zone.
More info and screens
0.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.89 from a trend line in the weekly time frame.
- Support @0.86 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.13 to 1.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.21 from a trend line in the daily time frame.
NASDAQ:ONFO (5/5/2025, 8:00:02 PM)
1.07
-0.02 (-1.64%)