ON24 INC (ONTF) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ONTF • US68339B1044
Taking everything into account, ONTF scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ONTF has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- ONTF is one of the better performing stocks in the Software industry, it outperforms 92% of 278 stocks in the same industry.
- ONTF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ONTF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that ONTF is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month ONTF has a been trading in a tight range between 7.95 and 8.07.
ONTF has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.96, a Stop Loss order could be placed below this zone.
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4.99
We found 4 important support areas.
- A support zone ranging from 7.96 to 7.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.70 from a horizontal line in the daily time frame.
- Support @5.13 from a trend line in the daily time frame.
- Support @5.04 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.97 to 8.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 87.93 | POSITIVE | ONTF has a high relative strength, it outperformed 87.93% 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) | 78.39 | OVERBOUGHT | The high RSI value suggests ONTF may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ONTF has a negative trend. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for ONTF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.43 | LOW VOLATILITY | The low ATR as a percentage value for ONTF suggests low volalility. |
| Average Directional Index/ADX (14) | 63.89 | POSITIVE | The high ADX value value for ONTF suggests a strong 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 |
|---|---|---|---|
| 7.99 | 7.95 | 0.04 (0.48%) | 25.00% |
| An entry @7.99. This is a Buy Stop order right above the 10 day moving average. | An exit @7.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 0.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- 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.
7.97
-0.01 (-0.13%)
ON24 INC / ONTF FAQ
Can you provide the ChartMill technical rating for ON24 INC?
ChartMill assigns a technical rating of 9 / 10 to ONTF.
What is the current trend direction of ON24 INC (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 78.3943. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ON24 INC?
The short term momentum for ON24 INC (ONTF) is positive.
Can you provide the support and resistance levels for ON24 INC?
ON24 INC (ONTF) has a support level at 7.96 and a resistance level at 7.97. Check the full technical report for our detailed analysis of ONTF support and resistance levels.