ONTO INNOVATION INC (ONTO) Stock Technical Analysis
NYSE:ONTO - New York Stock Exchange, Inc. - US6833441057 - Common Stock - Currency: USD
Overall ONTO gets a technical rating of 0 out of 10. ONTO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
91% of all other stocks performed better in the past year than ONTO.
ONTO is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 88% are performing better than ONTO.
ONTO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
ONTO has an average volume of 1176310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ONTO has a been trading in the 91.37 - 105.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ONTO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
93.80
105.08
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 98.05 to 98.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 101.34 to 101.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 104.04 to 104.04. 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 | DOWN | NEGATIVE | The long term trend for ONTO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONTO is down. |
| ChartMill Relative Strength | 9.28 | NEGATIVE | ONTO has a low relative strength, it was outperformed by 90.72% off all stocks 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) | DOWN | NEGATIVE | The current price of ONTO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ONTO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.98 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests ONTO has a negative trend. |
| Stochastics (14,3) | 32.04 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.1 | 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)
94.75
-2.45 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.52%
1 Week-6.11%
2 Weeks-2.11%
1 Month-8.31%
3 Month7.06%
6 Month-49.32%
12 Month-50.89%
2 Year-31.82%
3 Year33.47%
5 Year203.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.84
ATR(20)%3.98%
ATR Inc-9.67%
Range Today4.24
ADR(20)3.42
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.28
Mansfield-4.23
10 Day High104
10 Day Low91.37
20 Day High105.64
20 Day Low91.37
52 Week High228.42
52 Week Low85.88
CS1 EndN/A
CR1 Start98.05
Volume & EV
DER(3)1.52%
DER(5)1.31%
Volume1.28M
Volume Incr52.83%
Vol(5)1.46M
Vol(50)1.18M