ONITY GROUP INC (ONIT) Technical Analysis
NYSE:ONIT • US6757466064
Current stock price
38.34 USD
-0.11 (-0.29%)
At close:
38.34 USD
0 (0%)
After Hours:
ONIT Technical Rating and Analysis
Overall ONIT gets a technical rating of 1 out of 10. ONIT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ONIT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ONIT is one of the better performing stocks in the Financial Services industry, it outperforms 75% of 98 stocks in the same industry.
- When compared to the yearly performance of all other stocks, ONIT outperforms 45% of them, which is more or less in line with the market.
- ONIT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ONIT is lagging the market slightly.
ONIT Weekly and Daily overview Charts
ONIT Setup Rating and Analysis
ONIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
ONIT Support and Resistance Analysis
35.38
45.99
When analyzing the support we can see 3 important areas.
- Support @37.83 from a trend line in the daily time frame.
- Support @36.40 from a horizontal line in the daily time frame.
- A support zone ranging from 35.74 to 35.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 38.35 to 39.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.53 from a horizontal line in the daily time frame.
ONIT 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 ONIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONIT is down. |
| ChartMill Relative Strength | 45.62 | NEUTRAL | ONIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ONIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ONIT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.61 | NEUTRAL | The RSI value for ONIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ONIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.02 | NEUTRAL | The Stochastics value for ONIT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ONIT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.73 | POSITIVE | The high ADX value value for ONIT suggests a strong trend. |
ONIT Chart- and CandleStick Pattern Analysis
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)
ONIT Technicals: Chart, Performance Metrics, Trend & Indicators
38.34
-0.11 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.29%
1 Week0.55%
2 Weeks-7.21%
1 Month-10.69%
3 Month-13.88%
6 Month-10.65%
12 Month14.21%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.82
ATR(20)%4.67%
ATR Inc-26.45%
Range Today0.97
ADR(20)1.73
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.62
3 months CRS23.5
6 months CRS30.58
Mansfield-0.64
10 Day High41.26
10 Day Low37.11
20 Day High43.59
20 Day Low37.11
52 Week High54.1
52 Week Low25.5
CS1 End37.83
CR1 Start38.35
Volume & EV
DER(3)-1.71%
DER(5)-1.59%
Volume60.80K
Volume Incr5.38%
Vol(5)66.87K
Vol(50)76.76K
ONITY GROUP INC / ONIT TA FAQ
What is the ChartMill technical rating of ONITY GROUP INC (ONIT) stock?
ChartMill assigns a technical rating of 1 / 10 to ONIT.
Can you provide the trend direction for ONITY GROUP INC?
The current trend direction for ONITY GROUP INC (ONIT) is Bearish.
What is the RSI signal for ONIT stock?
ONITY GROUP INC (ONIT) has an RSI value of 36.6105. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ONITY GROUP INC?
The MACD indicator for ONITY GROUP INC (ONIT) has a value of -0.0278245, indicating a bearish trend.
What is the short term momentum for ONIT stock?
The short term momentum for ONITY GROUP INC (ONIT) is negative.