ONTO INNOVATION INC (ONTO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ONTO - US6833441057 - Common Stock
156.36 USD
+4.63 (+3.05%)
156.36 USD
0 (0%)
Taking everything into account, ONTO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ONTO is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ONTO is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ONTO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, ONTO did better than 50% of them.
ONTO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONTO is lagging the market.
In the last month ONTO has a been trading in the 121.58 - 171.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ONTO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
102.93
195.15
When analyzing the support we can see 5 important areas.
- Support @147.53 from a horizontal line in the daily time frame.
- A support zone ranging from 134.36 to 135.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @125.48 from a horizontal line in the daily time frame.
- Support @121.34 from a horizontal line in the daily time frame.
- Support @103.97 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 157.41 to 157.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @193.22 from a trend 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 ONTO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONTO is up. |
| ChartMill Relative Strength | 72.49 | POSITIVE | ONTO has a high relative strength, it outperformed 72.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONTO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.6 | NEUTRAL | The RSI value for ONTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests ONTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.86 | NEUTRAL | The Stochastics value for ONTO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ONTO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.53 | NEUTRAL | The ADX value for ONTO 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)
156.36
+4.63 (+3.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.05%
1 Week0%
2 Weeks-0.66%
1 Month24.81%
3 Month27.46%
6 Month63.18%
12 Month-6.51%
2 Year2.26%
3 Year129.64%
5 Year228.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.22
ATR(20)%4.41%
ATR Inc6.32%
Range Today6.2
ADR(20)6.45
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.49
3 months CRS92.85
6 months CRS92.76
Mansfield0.81
10 Day High171.32
10 Day Low146.79
20 Day High171.32
20 Day Low121.58
52 Week High228.42
52 Week Low85.88
CS1 End147.53
CR1 Start157.41
Volume & EV
DER(3)-0.38%
DER(5)-0.83%
Volume1.79M
Volume Incr8.24%
Vol(5)861.46K
Vol(50)910.27K
ONTO INNOVATION INC / ONTO FAQ
Can you provide the ChartMill technical rating for ONTO INNOVATION INC?
ChartMill assigns a technical rating of 8 / 10 to ONTO.
What is the current trend direction of ONTO INNOVATION INC (ONTO) stock?
The current trend direction for ONTO INNOVATION INC (ONTO) is Bullish.
What is the RSI signal for ONTO stock?
ONTO INNOVATION INC (ONTO) has an RSI value of 57.5976. This indicates that the stock is currently neutral.
What is the short term momentum for ONTO INNOVATION INC (ONTO) stock?
The short term momentum for ONTO INNOVATION INC (ONTO) is positive.
What is the buy/sell signal for ONTO stock?
The buy/sell signal for ONTO INNOVATION INC (ONTO) is buy as both the short term and long term trends are positive.