ON24 INC (ONTF) Stock Technical Analysis
NYSE:ONTF - New York Stock Exchange, Inc. - US68339B1044 - Common Stock - Currency: USD
Taking everything into account, ONTF scores 2 out of 10 in our technical rating. ONTF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ONTF is a bad performer in the overall market: 75% of all stocks are doing better.
ONTF is part of the Software industry. There are 284 other stocks in this industry, of which 60% are performing better than ONTF.
In the last month ONTF has a been trading in the 5.21 - 5.72 range, which is quite wide. It is currently trading near the lows of this range.
ONTF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONTF is lagging the market.
Although the technical rating is bad, ONTF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 5.28, a Stop Loss order could be placed below this zone.
More info and screens
5.09
6.78
We found 1 important support area.
- A support zone ranging from 5.14 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 5.36 to 5.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.48 to 5.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.70 to 5.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.40 from a trend line in the weekly time frame.
- Resistance @6.71 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ONTF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONTF is neutral. |
| ChartMill Relative Strength | 25.17 | NEGATIVE | ONTF has a low relative strength, it was outperformed by 74.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONTF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONTF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ONTF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.85 | NEUTRAL | The RSI value for ONTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ONTF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.23 | OVERSOLD | The low Stochastics value suggests ONTF may be oversold. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTF suggests some volalility. |
| Average Directional Index/ADX (14) | 18.37 | NEGATIVE | The low ADX value for ONTF suggests a weak or negative 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)
5.34
+0.12 (+2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.3%
1 Week-0.93%
2 Weeks-3.96%
1 Month-0.74%
3 Month-0.56%
6 Month-17.85%
12 Month-11.15%
2 Year-34.24%
3 Year-43.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%3.04%
ATR Inc-5.71%
Range Today0.17
ADR(20)0.16
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.17
Mansfield-1.55
10 Day High5.71
10 Day Low5.21
20 Day High5.73
20 Day Low5.21
52 Week High7.04
52 Week Low4.35
CS1 End5.28
CR1 Start5.36
Volume & EV
DER(3)0.77%
DER(5)1%
Volume116.90K
Volume Incr6.57%
Vol(5)203.82K
Vol(50)154.03K