NYSE:ONTO • US6833441057
Taking everything into account, ONTO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ONTO is showing a nice and steady performance.
ONTO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
152.44
We found 3 important support areas.
When analyzing the resistance we notice 2 important areas.
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 | NEUTRAL | NEUTRAL | The short term trend for ONTO is neutral. |
| ChartMill Relative Strength | 91.54 | POSITIVE | ONTO has a high relative strength, it outperformed 91.54% 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) | 54.89 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests ONTO has a negative trend. |
| Stochastics (14,3) | 74.44 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for ONTO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.15 | POSITIVE | The high ADX value value for ONTO suggests a strong 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 |
|---|---|---|---|
| 220.28 | 204.06 | 16.22 (7.36%) | 13.58% |
| An entry @220.28. This is a Buy Stop order right above the resistance zone. | An exit @204.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 16.22 points, which is 7.36%. | When investing 13.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
213.24
-3.17 (-1.46%)
ChartMill assigns a technical rating of 9 / 10 to ONTO.
The current trend direction for ONTO INNOVATION INC (ONTO) is Bullish.
ONTO INNOVATION INC (ONTO) has an RSI value of 54.8929. This indicates that the stock is currently neutral.
The MACD indicator for ONTO INNOVATION INC (ONTO) has a value of -0.801105, indicating a bearish trend.
The short term momentum for ONTO INNOVATION INC (ONTO) is neutral.