ON24 INC (ONTF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ONTF - US68339B1044 - Common Stock
We assign a technical rating of 7 out of 10 to ONTF. Although ONTF is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ONTF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.82, a Stop Loss order could be placed below this zone.
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4.60
4 important support areas can be observed.
- A support zone ranging from 5.59 to 5.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.07 from a trend line in the daily time frame.
- Support @4.98 from a trend line in the weekly time frame.
- Support @4.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.85 to 5.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.04 to 6.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.57 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 | UP | POSITIVE | The long term trend for ONTF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONTF is up. |
| ChartMill Relative Strength | 25.79 | NEGATIVE | ONTF has a low relative strength, it was outperformed by 74.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ONTF is below the rising 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) | UP | POSITIVE | The current price of ONTF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.56 | NEUTRAL | The RSI value for ONTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ONTF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.76 | NEUTRAL | The Stochastics value for ONTF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTF suggests some volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for ONTF suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.89 | 5.68 | 0.21 (3.57%) | 25.00% |
| An entry @5.89. This is a Buy Stop order right above the resistance zone. | An exit @5.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.21 points, which is 3.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The distance between exit and entry is rather small compared to the average daily movement of ONTF. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.83
+0.02 (+0.34%)
ON24 INC / ONTF FAQ
Can you provide the ChartMill technical rating for ON24 INC?
ChartMill assigns a technical rating of 7 / 10 to ONTF.
What is the trend direction for ONTF stock?
The current trend direction for ON24 INC (ONTF) is Bullish.
What is the RSI signal for ON24 INC (ONTF) stock?
ON24 INC (ONTF) has an RSI value of 53.5639. This indicates that the stock is currently neutral.
What is the MACD signal for ON24 INC (ONTF) stock?
The MACD indicator for ON24 INC (ONTF) has a value of -0.0234712, indicating a bearish trend.
What are the support and resistance levels for ON24 INC (ONTF) stock?
ON24 INC (ONTF) has a support level at 5.82 and a resistance level at 5.85. Check the full technical report for our detailed analysis of ONTF support and resistance levels.