ONTO INNOVATION INC (ONTO) Technical Analysis
NYSE:ONTO • US6833441057
Current stock price
ONTO Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ONTO. In the last year, ONTO was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that ONTO is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by ONTO over the past year are nicely spread over this period.
- ONTO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ONTO is performing more or less in line with the market.
- In the last month ONTO has a been trading in the 175.49 - 223.25 range, which is quite wide. It is currently trading near the high of this range.
- ONTO is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, ONTO did better than 61% of them.
ONTO Weekly and Daily overview Charts
ONTO Setup Rating and Analysis
Besides having an excellent technical rating, ONTO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 217.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 196.79, a Stop Loss order could be placed below this zone.
More info and screens
ONTO Support and Resistance Analysis
164.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 189.26 to 196.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 166.22 to 167.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 217.79 to 220.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 225.33 to 225.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
ONTO Technical Indicator Signal Analysis
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 | 92.51 | POSITIVE | ONTO has a high relative strength, it outperformed 92.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ONTO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.45 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.1 | POSITIVE | The MACD value suggests ONTO has a positive trend. |
| Stochastics (14,3) | 67.48 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for ONTO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for ONTO suggests a weak or negative trend. |
ONTO Chart- and CandleStick Pattern Analysis
ONTO Example Setup
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 |
|---|---|---|---|
| 220.28 | 189.25 | 31.03 (14.09%) | 7.10% |
| An entry @220.28. This is a Buy Stop order right above the resistance zone. | An exit @189.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 31.03 points, which is 14.09%. | For a 1.00% total portfolio risk, you can invest 7.10% 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.
ONTO Technicals: Chart, Performance Metrics, Trend & Indicators
215.53
+3.81 (+1.8%)
ONTO INNOVATION INC / ONTO TA FAQ
Can you provide the ChartMill technical rating for ONTO INNOVATION INC?
ChartMill assigns a technical rating of 8 / 10 to ONTO.
Can you provide the trend direction for ONTO INNOVATION INC?
The current trend direction for ONTO INNOVATION INC (ONTO) is Bullish.
What is the RSI signal for ONTO INNOVATION INC (ONTO) stock?
ONTO INNOVATION INC (ONTO) has an RSI value of 55.4465. This indicates that the stock is currently neutral.
What are the support and resistance levels for ONTO INNOVATION INC (ONTO) stock?
ONTO INNOVATION INC (ONTO) has a support level at 196.79 and a resistance level at 217.79. Check the full technical report for our detailed analysis of ONTO support and resistance levels.