Question 1

What implications does the 10-day RSI indicator have for ONTO?

Accepted Answer

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ONTO's RSI Indicator exited the oversold zone, 19 of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

What does the Stochastic Oscillator suggest about ONTO's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did ONTO's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 09, 2024. You may want to consider a long position or call options on ONTO as a result. In 73 of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for ONTO?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for ONTO just turned positive on August 12, 2024. Looking at past instances where ONTO's MACD turned positive, the stock continued to rise in 42 of 50 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for ONTO?

Accepted Answer

ONTO moved above its 50-day moving average on August 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What does a 3-day price advance indicate for ONTO?

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ONTO advanced for three days, in 276 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.

Question 7

What does a 3-day decline signify for ONTO's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ONTO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

How does the Aroon Indicator reflect on ONTO's trend?

Accepted Answer

The Aroon Indicator for ONTO entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ONTO Stock Onto Innovation (ONTO, $217.07) Stochastic Oscillator left the oversold zone on June 06, 2024

ONTO in +17.65% Uptrend, advancing for three consecutive days on August 09, 2024

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