ONITY GROUP INC (ONIT) Stock Technical Analysis
USA - NYSE:ONIT - US6757466064 - Common Stock
Taking everything into account, ONIT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ONIT is showing a nice and steady performance.
Although ONIT has an excellent technical rating, it does not offer a high 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.
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35.68
3 important support areas can be observed.
- A support zone ranging from 39.17 to 39.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.85 to 37.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.04 from a horizontal line in the daily time frame.
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 ONIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONIT is up. |
| ChartMill Relative Strength | 84.4 | POSITIVE | ONIT has a high relative strength, it outperformed 84.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONIT is above the rising 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) | 65.87 | NEUTRAL | The RSI value for ONIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests ONIT has a positive trend. |
| Stochastics (14,3) | 76.85 | NEUTRAL | The Stochastics value for ONIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ONIT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.94 | POSITIVE | The high ADX value value for ONIT suggests a strong trend. |
42.15
+0.78 (+1.89%)
ONITY GROUP INC / ONIT FAQ
What is the ChartMill technical rating of ONITY GROUP INC (ONIT) stock?
ChartMill assigns a technical rating of 10 / 10 to ONIT.
What is the trend direction for ONIT stock?
The current trend direction for ONITY GROUP INC (ONIT) is Bullish.
What is the RSI signal for ONIT stock?
ONITY GROUP INC (ONIT) has an RSI value of 65.8677. This indicates that the stock is currently neutral.
What is the buy/sell signal for ONIT stock?
The buy/sell signal for ONITY GROUP INC (ONIT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ONITY GROUP INC?
ONITY GROUP INC (ONIT) has a support level at 39.8. Check the full technical report for our detailed analysis of ONIT support and resistance levels.