ONTO INNOVATION INC (ONTO) Stock Technical Analysis
NYSE:ONTO - New York Stock Exchange, Inc. - US6833441057 - Common Stock - Currency: USD
Taking everything into account, ONTO scores 0 out of 10 in our technical rating. ONTO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ONTO is a bad performer in the overall market: 95% of all stocks are doing better.
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. The S&P500 Index is trading in the upper part of its 52 week range, so ONTO is lagging the market.
In the last month ONTO has a been trading in the 85.88 - 130.25 range, which is quite wide. It is currently trading near the lows of this range.
ONTO has an average volume of 1434570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ONTO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
91.10
224.90
3 important resistance areas can be observed.
- A resistance zone ranging from 108.87 to 109.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @217.79 from a horizontal line in the weekly time frame.
- Resistance @222.67 from a horizontal line in the daily 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 | 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 | 5.46 | NEGATIVE | ONTO has a low relative strength, it was outperformed by 94.54% 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) | 35.57 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests ONTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.03 | OVERSOLD | The low Stochastics value suggests ONTO may be oversold. |
| Average True Range in percent/ATR (20) | 7.36 | HIGH VOLATILITY | The high ATR as a percentage value for ONTO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.13 | NEUTRAL | The ADX value for ONTO suggests a possible start of a new 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)
92.02
-2.81 (-2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.96%
1 Week-7.42%
2 Weeks3.98%
1 Month-26.73%
3 Month-42.29%
6 Month-44.66%
12 Month-60.53%
2 Year-14.28%
3 Year14.48%
5 Year196.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.22
ATR(20)%7.36%
ATR Inc-57.23%
Range Today2.45
ADR(20)4.91
ADR(20)%5.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.46
Mansfield-4.86
10 Day High104.27
10 Day Low90.93
20 Day High130.25
20 Day Low85.88
52 Week High238.93
52 Week Low85.88
CS1 EndN/A
CR1 Start108.87
Volume & EV
DER(3)-2.76%
DER(5)-0.81%
Volume1.48M
Volume Incr-24.03%
Vol(5)1.42M
Vol(50)1.43M