ONITY GROUP INC (ONIT) Stock Technical Analysis
USA - NYSE:ONIT - US6757466064 - Common Stock
37.91 USD
+1.5 (+4.12%)
37.91 USD
0 (0%)
We assign a technical rating of 3 out of 10 to ONIT. Although ONIT 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.
In the last month ONIT has a been trading in the 35.47 - 45.18 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ONIT is one of the better performing stocks in the market, outperforming 78% of all stocks.
ONIT is one of the better performing stocks in the Financial Services industry, it outperforms 88% of 99 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
ONIT has a poor technical rating and the quality of the setup is also only medium 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
35.38
38.29
We found 1 important support area.
- A support zone ranging from 35.74 to 36.04. 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 | 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 | 78.14 | POSITIVE | ONIT has a high relative strength, it outperformed 78.14% off all stocks 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) | UP | MIXED | The current price of ONIT is below 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) | 42.41 | NEUTRAL | The RSI value for ONIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests ONIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.7 | OVERSOLD | The low Stochastics value suggests ONIT may be oversold. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ONIT suggests some volalility. |
| Average Directional Index/ADX (14) | 37.03 | POSITIVE | The high ADX value value for ONIT 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)
37.91
+1.5 (+4.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg4.12%
1 Week3.18%
2 Weeks-5.13%
1 Month-11.18%
3 Month3.78%
6 Month26.24%
12 Month26.2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.22
ATR(20)%3.45%
ATR Inc33.46%
Range Today2.23
ADR(20)1.28
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.14
Mansfield-0.17
10 Day High39.52
10 Day Low35.47
20 Day High45.18
20 Day Low35.47
52 Week High45.83
52 Week Low25.5
CS1 End36.04
CR1 StartN/A
Volume & EV
DER(3)2%
DER(5)4.48%
Volume31.20K
Volume Incr-13.91%
Vol(5)34.78K
Vol(50)46.02K