ON24 INC (ONTF) Technical Analysis
NYSE:ONTF • US68339B1044
Overall ONTF gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ONTF is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ONTF is one of the better performing stocks in the market, outperforming 89% of all stocks.
- ONTF is part of the Software industry. There are 276 other stocks in this industry. ONTF outperforms 92% of them.
- 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.
- In the last month ONTF has a been trading in a tight range between 7.84 and 8.07.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, ONTF also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.99, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
5.14
We found 3 important support areas.
- A support zone ranging from 7.75 to 7.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.70 from a horizontal line in the daily time frame.
- A support zone ranging from 5.19 to 5.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.04 to 8.07. 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 | 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 | 89.09 | POSITIVE | ONTF has a high relative strength, it outperformed 89.09% off all stocks 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) | 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) | 67.13 | 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) | 78.69 | NEUTRAL | The Stochastics value for ONTF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.64 | LOW VOLATILITY | The low ATR as a percentage value for ONTF suggests low volalility. |
| Average Directional Index/ADX (14) | 56.71 | 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 |
|---|---|---|---|
| 8.08 | 7.90 | 0.18 (2.23%) | 25.00% |
| An entry @8.08. This is a Buy Stop order right above the resistance zone. | An exit @7.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.18 points, which is 2.23%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ONTF Technicals: Chart, Performance Metrics, Trend & Indicators
8.03
+0.01 (+0.12%)
ON24 INC / ONTF FAQ
Can you provide the ChartMill technical rating for ON24 INC?
ChartMill assigns a technical rating of 10 / 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 67.1293. This indicates that the stock is currently neutral.
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 7.99 and a resistance level at 8.04. Check the full technical report for our detailed analysis of ONTF support and resistance levels.