ON24 INC (ONTF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ONTF - US68339B1044 - Common Stock
Overall ONTF gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ONTF is a bad performer.
ONTF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 5.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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4.60
4 important support areas can be observed.
- A support zone ranging from 5.64 to 5.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.04 from a trend line in the daily time frame.
- Support @4.96 from a trend line in the weekly time frame.
- Support @4.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.95 to 6.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.58 from a trend line in the weekly time frame.
- Resistance @6.71 from a horizontal line in the weekly time frame.
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 ONTF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONTF is up. |
| ChartMill Relative Strength | 30.89 | NEUTRAL | ONTF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONTF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONTF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONTF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.47 | NEUTRAL | The RSI value for ONTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ONTF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.82 | NEUTRAL | The Stochastics value for ONTF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTF suggests some volalility. |
| Average Directional Index/ADX (14) | 29.51 | POSITIVE | The high ADX value value for ONTF 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 |
|---|---|---|---|
| 6.08 | 5.63 | 0.45 (7.40%) | 13.51% |
| An entry @6.08. This is a Buy Stop order right above the resistance zone. | An exit @5.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.45 points, which is 7.40%. | When investing 13.51% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.87
+0.07 (+1.21%)
ON24 INC / ONTF FAQ
Can you provide the ChartMill technical rating for ON24 INC?
ChartMill assigns a technical rating of 7 / 10 to ONTF.
What is the trend direction for ONTF stock?
The current trend direction for ON24 INC (ONTF) is Bullish.
What is the RSI signal for ON24 INC (ONTF) stock?
ON24 INC (ONTF) has an RSI value of 55.4734. This indicates that the stock is currently neutral.
What is the MACD signal for ON24 INC (ONTF) stock?
The MACD indicator for ON24 INC (ONTF) has a value of 0.00740964, indicating a bearish trend.
What are the support and resistance levels for ON24 INC (ONTF) stock?
ON24 INC (ONTF) has a support level at 5.86 and a resistance level at 5.95. Check the full technical report for our detailed analysis of ONTF support and resistance levels.