ONTO Technical Signal Analysis
ONTO have 2 buy signals and 3 sell signals now. The current trend is consolidation starting from 2025-02-18. The total price change during this trend is -22.43%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of ONTO over last 5 trading day is $165,922,165.01
2 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.5
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-40.38
Bearish
Momentum (10 days)
MOM_10 < 0
-20.3
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-14.94
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.5
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
ONTO Support and Resistance Level
The support levels for ONTO are at 124.37, 116.26, and 103.14, while the resistance levels are at 150.62, 158.73, and 171.86. With the current stock price at 134.46, it is leaning more toward the support levels.
ONTO Technical Analysis
Technical Analysis of ONTO Stock
Current Price and Key Levels:
- Current Price: $131.95
- Fibonacci Support Levels:
- S1: $131.14
- S2: $123.09
- Fibonacci Resistance Levels:
- R1: $157.19
- R2: $165.24
Technical Indicators:
- RSI (14): 27.55 (Oversold territory, indicating potential buy signal).
- MACD: -14.44 (Bearish momentum).
- StochD (14,3,3): 13.42 (Oversold condition).
Price Action and Trends:
- The stock is currently testing the S1 support level at $131.14, with the price hovering just above it.
- The MACD remains in negative territory, suggesting continued bearish momentum.
- The RSI is in oversold territory, which could indicate a potential reversal or consolidation.
Recommendation:
Based on the technical analysis, ONTO stock is currently at a critical support level. While the oversold RSI suggests a potential bounce, the overall bearish momentum indicated by the MACD and StochD signals caution.
Actionable Advice:
- Hold or Wait for Confirmation: The stock is at a critical juncture. If it breaks below $131.14, further downside is likely. If it bounces off this level, it could test $140.17 (previous resistance).
- Buy Signal: A close above $135.18 with increasing volume could confirm a reversal.
Target Price: $140.17 (Short-term target if support holds).
Stop Loss: $127.54 (Break of S1 support).
ONTO FAQs
Which bull technical signals does ONTO have?
Which bearish technical signals does ONTO have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for ONTO stock?
Is ONTO a buy based on overall technical signals summary?
ONTO Buy or Sell
ONTO has 2 buy signals and 3 sell signals now. Overall the technical rating for ONTO is Neutral.
Neutral
Sell
3
Buy
2
ONTO Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 134.46 above the SMA_5. In the short term, the stock shows a negative trend with the 129.83 below the SMA_20. In the mid term, the stock shows a negative trend with the 150.22 below the SMA_60. In the long term, the stock shows a negative trend with the 176.11 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about ONTO's current trend?What are ONTO's key support and resistance levels?