ONITY GROUP INC (ONIT) Stock Technical Analysis
NYSE:ONIT • US6757466064
We assign a technical rating of 1 out of 10 to ONIT. 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.
- In the last month ONIT has a been trading in the 40.01 - 51.99 range, which is quite wide. It is currently trading near the lows of this range.
- ONIT is part of the Financial Services industry. There are 98 other stocks in this industry. ONIT outperforms 84% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, ONIT turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- ONIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONIT is lagging the market.
The technical rating of ONIT is bad and it also does not present a quality setup 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
35.68
We found 3 important support areas.
- A support zone ranging from 41.14 to 42.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.13 from a horizontal line in the daily time frame.
- Support @36.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.49 to 45.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ONIT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONIT is down. |
| ChartMill Relative Strength | 69.34 | 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 | POSITIVE | The current price of ONIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.7 | NEUTRAL | The RSI value for ONIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ONIT has a negative trend. |
| Stochastics (14,3) | 38.1 | NEUTRAL | The Stochastics value for ONIT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for ONIT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.19 | POSITIVE | The high ADX value value for ONIT suggests a strong trend. |
42.15
-0.78 (-1.82%)
ONITY GROUP INC / ONIT 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 39.6976. 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 -0.123735, indicating a bearish trend.
What is the short term momentum for ONIT stock?
The short term momentum for ONITY GROUP INC (ONIT) is negative.