ONITY GROUP INC (ONIT) Stock Technical Analysis
NYSE:ONIT - New York Stock Exchange, Inc. - US6757466064 - Common Stock - Currency: USD
Overall ONIT gets a technical rating of 2 out of 10. In the last year, ONIT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, ONIT is a bad performer in the overall market: 100% of all stocks are doing better.
ONIT is part of the Financial Services industry. There are 101 other stocks in this industry, of which 92% are performing better than ONIT.
In the last month ONIT has a been trading in the 31.88 - 41.27 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
The technical rating of ONIT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
29.35
32.26
When analyzing the support we can see 2 important areas.
- Support @31.21 from a trend line in the daily time frame.
- A support zone ranging from 29.65 to 30.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High41.27
10 Day Low31.88
20 Day High41.27
20 Day Low31.88
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-11.25%
2 Weeks-18.87%
1 Month-9.9%
3 Month3.4%
6 Month7.36%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.88
RSI(14)35.62
LBB30.84
UBB41.87
31.94
-0.54 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.66%
1 Week-11.25%
2 Weeks-18.87%
1 Month-9.9%
3 Month3.4%
6 Month7.36%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.9
ATR(20)%4.95%
ATR Inc-43.9%
Range Today0.95
ADR(20)1.43
ADR(20)%4.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High41.27
10 Day Low31.88
20 Day High41.27
20 Day Low31.88
52 Week HighN/A
52 Week LowN/A
CS1 End31.21
CR1 StartN/A
Volume & EV
DER(3)0.99%
DER(5)-1.26%
Volume43.90K
Volume Incr30.51%
Vol(5)66.00K
Vol(50)46.64K