ON24 INC (ONTF) Stock Technical Analysis
NYSE:ONTF - New York Stock Exchange, Inc. - US68339B1044 - Common Stock - Currency: USD
Taking everything into account, ONTF scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ONTF was also a bad performer in the overall market in the last year.
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 resistance zone just above the current price starting at 5.46. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ONTF in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.59
We found 2 important support areas.
- A support zone ranging from 5.32 to 5.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.64 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 5.46 to 5.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.66 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.45 to 6.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.71 to 6.76. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 6.91 to 6.98. 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 | DOWN | NEGATIVE | The long term trend for ONTF is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONTF is up. |
| ChartMill Relative Strength | 34.82 | NEUTRAL | ONTF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONTF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ONTF is above a declining 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) | 60.43 | NEUTRAL | The RSI value for ONTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ONTF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.13 | OVERBOUGHT | The high Stochastics value suggests ONTF may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTF suggests some volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for ONTF suggests a strong trend. |
5.45
-0.08 (-1.45%)