ONTO INNOVATION INC (ONTO) Stock Technical Analysis
NYSE:ONTO - US6833441057 - Common Stock
108.89 USD
+0.57 (+0.53%)
107.238 USD
-1.65 (-1.52%)
We assign a technical rating of 4 out of 10 to ONTO. In the past year, ONTO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
88% of all other stocks performed better in the past year than ONTO.
ONTO is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 81% of 110 stocks in the same industry do better.
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.
ONTO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ONTO has an average volume of 1275810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ONTO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
87.62
203.02
We found 6 important support areas.
- A support zone ranging from 108.17 to 108.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 103.28 to 105.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.23 from a trend line in the weekly time frame.
- Support @94.30 from a horizontal 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 108.90 to 109.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @111.46 from a horizontal line in the daily time frame.
- Resistance @201.01 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 | DOWN | NEGATIVE | The long term trend for ONTO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONTO is up. |
| ChartMill Relative Strength | 12.71 | NEGATIVE | ONTO has a low relative strength, it was outperformed by 87.29% 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) | UP | POSITIVE | The current price of ONTO is above the rising 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) | 58.82 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests ONTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.02 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.95 | 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)
108.89
+0.57 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.53%
1 Week1.25%
2 Weeks-1.2%
1 Month7.9%
3 Month18.44%
6 Month-25.24%
12 Month-48.93%
2 Year-21.65%
3 Year53.39%
5 Year248.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.05
ATR(20)%3.93%
ATR Inc-65.06%
Range Today1.43
ADR(20)3.89
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.71
Mansfield-3.24
10 Day High113.47
10 Day Low103.61
20 Day High113.47
20 Day Low89.4
52 Week High228.42
52 Week Low85.88
CS1 End108.75
CR1 Start108.9
Volume & EV
DER(3)1.14%
DER(5)-0.36%
Volume1.19M
Volume Incr-40.83%
Vol(5)916.58K
Vol(50)1.28M