ONECONNECT FINANCIAL TECHNO (OCFT) Stock Technical Analysis
NYSE:OCFT - US68248T2042 - ADR
7.4 USD
-0.02 (-0.27%)
7.46 USD
+0.06 (+0.81%)
Taking everything into account, OCFT scores 8 out of 10 in our technical rating. In the last year, OCFT was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that OCFT is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, OCFT also shows a nice and consistent pattern of rising prices.
OCFT is one of the better performing stocks in the Software industry, it outperforms 98% of 283 stocks in the same industry.
OCFT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month OCFT has a been trading in the 7.13 - 7.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, OCFT also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.39, a Stop Loss order could be placed below this zone.
More info and screens
7.00
7.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.20 to 7.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.07 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.40 to 7.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.53 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OCFT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCFT is neutral. |
| ChartMill Relative Strength | 99 | POSITIVE | OCFT has a high relative strength, it outperformed 99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OCFT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.5 | NEUTRAL | The RSI value for OCFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OCFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for OCFT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for OCFT suggests a possible start of a new 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)
7.4
-0.02 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.27%
1 Week-0.4%
2 Weeks-0.13%
1 Month-1.2%
3 Month2.35%
6 Month100.12%
12 Month452.2%
2 Year112.64%
3 Year-31.48%
5 Year-96.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.13%
ATR Inc141.74%
Range Today0.31
ADR(20)0.15
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99
Mansfield4.4
10 Day High7.57
10 Day Low7.13
20 Day High7.57
20 Day Low7.13
52 Week High7.64
52 Week Low0.87
CS1 End7.39
CR1 Start7.4
Volume & EV
DER(3)0.17%
DER(5)-0.67%
Volume59.50K
Volume Incr36.04%
Vol(5)54.86K
Vol(50)47.41K