Onto Innovation (ONTO) Technical Analysis

The technical analysis for Onto Innovation Inc (ONTO) stock indicates a bullish trend, as the stock is trading above its 200-day moving average. The stock's RSI (Relative Strength Index) is currently at 60. This suggests that the stock is neither overbought nor oversold. The ADX (Average Directional Index) is at 25, indicating a moderate trend strength. The MACD (Moving Average Convergence Divergence) is positive, with both the MACD line and the signal line above the zero line. This suggests that the stock is in a bullish momentum. The ROC (Rate of Change) is at 5%, indicating a positive price momentum. The STOCHRSI (Stochastic Relative Strength Index) is at 70, suggesting that the stock is overbought. Lastly, the WILLR (Williams %R) is at -20, indicating that the stock is trading close to its recent high.

Based on the technical analysis indicators, the overall rating for Onto Innovation Inc (ONTO) stock is bullish. The stock is trading above its long-term moving average and the MACD is positive, indicating a bullish momentum. However, the stock is currently overbought according to the STOCHRSI indicator. Traders and investors should exercise caution and closely monitor the stock's price action for any signs of a reversal. It's important to consider other factors such as fundamental analysis, market trends, and news events when making investment decisions.