ONTO INNOVATION INC (ONTO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ONTO - US6833441057 - Common Stock
We assign a technical rating of 8 out of 10 to ONTO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ONTO is only an average performer.
ONTO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 156.49, a Stop Loss order could be placed below this zone.
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103.41
When analyzing the support we can see 6 important areas.
- A support zone ranging from 153.40 to 156.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @147.53 from a horizontal line in the daily time frame.
- A support zone ranging from 135.76 to 137.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @125.48 from a horizontal line in the daily time frame.
- Support @121.34 from a horizontal line in the daily time frame.
- Support @104.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @192.74 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 | UP | POSITIVE | The short term trend for ONTO is up. |
| ChartMill Relative Strength | 71.97 | POSITIVE | ONTO has a high relative strength, it outperformed 71.97% 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) | UP | POSITIVE | The current price of ONTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.88 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ONTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.92 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for ONTO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 165.51 | 153.39 | 12.12 (7.32%) | 13.66% |
| An entry @165.51. This is a Buy Stop order right above the 10 day high. | An exit @153.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.12 points, which is 7.32%. | When investing 13.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
161.86
+0.73 (+0.45%)
ONTO INNOVATION INC / ONTO FAQ
Can you provide the ChartMill technical rating for ONTO INNOVATION INC?
ChartMill assigns a technical rating of 8 / 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 61.8763. 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 positive.
What is the buy/sell signal for ONTO stock?
The buy/sell signal for ONTO INNOVATION INC (ONTO) is buy as both the short term and long term trends are positive.