ONTO INNOVATION INC (ONTO) Stock Technical Analysis
USA - NYSE:ONTO - US6833441057 - Common Stock
129.11 USD
-2.6 (-1.97%)
129.11 USD
0 (0%)
We assign a technical rating of 6 out of 10 to ONTO. In the last year, ONTO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
ONTO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 68% are performing better than ONTO.
ONTO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ONTO has an average volume of 1308250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ONTO outperforms 40% of them, which is more or less in line with the market.
In the last month ONTO has a been trading in the 121.15 - 139.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ONTO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
87.62
198.11
4 important support areas can be observed.
- Support @121.34 from a horizontal line in the daily time frame.
- Support @101.07 from a trend line in the weekly time frame.
- Support @91.94 from a horizontal line in the daily time frame.
- Support @88.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @130.14 from a trend line in the daily time frame.
- A resistance zone ranging from 132.70 to 133.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @137.04 from a trend line in the daily time frame.
- A resistance zone ranging from 143.72 to 145.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @196.15 from a trend 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 ONTO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONTO is neutral. |
| ChartMill Relative Strength | 40.94 | NEUTRAL | ONTO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONTO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONTO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ONTO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.83 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests ONTO has a negative trend. |
| Stochastics (14,3) | 57.07 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for ONTO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for ONTO 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)
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 |
|---|---|---|---|
| 130.15 | 121.69 | 8.46 (6.50%) | 15.38% |
| An entry @130.15. This is a Buy Stop order right above the resistance zone. | An exit @121.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.46 points, which is 6.50%. | For a 1.00% total portfolio risk, you can invest 15.38% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ONTO. 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.
129.11
-2.6 (-1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.97%
1 Week-1.21%
2 Weeks-3.88%
1 Month-4.44%
3 Month25.5%
6 Month45.89%
12 Month-26.66%
2 Year-8.44%
3 Year61.49%
5 Year192.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.13
ATR(20)%5.33%
ATR Inc-2.16%
Range Today5.83
ADR(20)6.08
ADR(20)%4.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.94
3 months CRS89.79
6 months CRS87.59
Mansfield-1.29
10 Day High139.62
10 Day Low121.7
20 Day High139.62
20 Day Low121.15
52 Week High228.42
52 Week Low85.88
CS1 End121.34
CR1 Start130.14
Volume & EV
DER(3)1.79%
DER(5)-0.16%
Volume883.20K
Volume Incr-17.2%
Vol(5)946.64K
Vol(50)1.31M
ONTO INNOVATION INC / ONTO FAQ
Can you provide the ChartMill technical rating for ONTO INNOVATION INC?
ChartMill assigns a technical rating of 6 / 10 to ONTO.
What is the current trend direction of ONTO INNOVATION INC (ONTO) stock?
The current trend direction for ONTO INNOVATION INC (ONTO) is Bullish.
What is the RSI signal for ONTO stock?
ONTO INNOVATION INC (ONTO) has an RSI value of 47.8262. This indicates that the stock is currently neutral.
What is the short term momentum for ONTO INNOVATION INC (ONTO) stock?
The short term momentum for ONTO INNOVATION INC (ONTO) is neutral.