ONTO Price Prediction Next Week
Analysis and Insights
Technical Analysis:
ONTO's stock is currently trading at $131, with key technical indicators suggesting a potential reversal. The RSI_6 is at 20.79, indicating oversold conditions, while the Stochastic Oscillator is at 13.49, also in oversold territory. The MACD is bearish at -14.44, but the MACD histogram shows a slight divergence, hinting at possible weakening bearish momentum.
Fibonacci Levels:
The stock is approaching its Fibonacci support levels, with S1 at $131.14 and S2 at $123.09. The immediate resistance is at R1 ($157.19), with a pivot point at $144.16.
News and Sentiment:
ONTO recently reported strong Q4 earnings, beating EPS estimates, but the stock dropped 6% post-earnings. This could be attributed to profit-taking or high expectations. However, analysts maintain a Strong Buy rating with a $247 average target, indicating confidence in the stock's long-term growth.
Conclusion:
Given the oversold conditions and positive analyst sentiment, ONTO is likely to see a short-term rebound. The stock could reach $157 next week, with a potential upside to $165 if it breaks above resistance.
Prediction: $157
Recommendation: Buy
ONTO Similar Chart Price Prediction
The price of ONTO is predicted to go up -10.81%, based on the high correlation periods with ESPR. The similarity of these two price pattern on the periods is 97.7%.
ONTO
ESPR
Down: -10.81%Similarity: 97.7%
ONTO Revenue Forecast
ONTO EPS Forecast
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ONTO Analyst's Forecast
Edward Yang
Oppenheimer
Buy
2025-02-20
Price Target
$275 → $240
Upside
+43.58%
Meeting to be held on February 13-14 hosted by Oppenheimer.
Matthew Prisco
Cantor Fitzgerald
Buy
2025-01-13
Price Target
$250
Upside
+30.95%
Blayne Curtis
Jefferies
Strong Buy
2024-11-01
Price Target
$265 → $245
Upside
+39.13%
