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.
95% 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 89% 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.
ONTO has an average volume of 1561170 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 89.70 - 102.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ONTO does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
93.46
224.90
When analyzing the support we notice one important area.
- Support @94.40 from a trend line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 96.10 to 98.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @101.34 from a horizontal line in the daily time frame.
- A resistance zone ranging from 111.14 to 112.79. 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 | 5.09 | NEGATIVE | ONTO has a low relative strength, it was outperformed by 94.91% 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) | 41.94 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.35 | POSITIVE | The MACD value suggests ONTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.39 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.6 | 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)
94.7
-5.3 (-5.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-5.3%
1 Week-1.46%
2 Weeks3%
1 Month-3.41%
3 Month-31.72%
6 Month-43.32%
12 Month-56.85%
2 Year-18.69%
3 Year35.79%
5 Year178.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.95
ATR(20)%4.02%
ATR Inc5.38%
Range Today3.58
ADR(20)3.35
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.09
Mansfield-4.62
10 Day High102.72
10 Day Low90.66
20 Day High102.72
20 Day Low89.7
52 Week High238.93
52 Week Low85.88
CS1 End94.4
CR1 Start96.1
Volume & EV
DER(3)1.52%
DER(5)0.93%
Volume1.37M
Volume Incr-45.64%
Vol(5)1.17M
Vol(50)1.56M