ON24, Inc. Stock Forecast
ON24, Inc. stock price down 3.08% on Friday
(Updated on May 03, 2024)
The ON24, Inc. stock price fell by -3.08% on the last day (Friday, 3rd May 2024) from $6.82 to $6.61. During the last trading day the stock fluctuated 6.08% from a day low at $6.58 to a day high of $6.98. The price has fallen in 6 of the last 10 days and is down by -0.3% for this period. Volume has increased on the last day by 41 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 91 thousand shares were bought and sold for approximately $604.66 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.36% during the next 3 months and, with a 90% probability hold a price between $5.12 and $6.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ONTF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 0.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ON24, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.71 and $6.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ON24, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for ON24, Inc. stock
ON24, Inc. finds support from accumulated volume at $6.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.400 between high and low, or 6.08%. For the last week, the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: $6.29 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (ONTF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ON24, Inc. to open at $6.72, and during the day (based on 14 day Average True Range), to move between $6.40 and $6.82, which gives a possible trading interval of +/-$0.209 (+/-3.16%) up or down from last closing price. If ON24, Inc. takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.63 (0.30%) than the support at $6.59 (0.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
ON24, Inc. will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for ON24, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.57% in the first trading day after earnings release.
Is ON24, Inc. stock A Buy?
ON24, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.759 Hold/Accumulate Unchanged
Predicted Opening Price for ON24, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $6.72 ( 1.71%) | $6.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.12 | 7.77 % | |
| R2 | 6.97 | 5.45 % | ||
| R1 | 6.88 | 4.03 % | ||
| Current price: | 6.61 | |||
| Support | S1 | 6.57 | -0.597 % | |
| S2 | 6.48 | -2.03 % | ||
| S3 | 6.32 | -4.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.16 | 8.32 % | |
| R2 | 7.06 | 6.81 % | ||
| R1 | 6.63 | 0.303 % | ||
| Current price | 6.61 | |||
| Support | S1 | 6.59 | -0.303% | |
| S2 | 6.58 | -0.454% | ||
| S3 | 6.55 | -0.91% |
ONTF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2023 | May 19, 2023 | Jun 15, 2023 | $1.09 | 12.78% |
FAQ
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