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    Technical Analysis for OCFT - OneConnect Financial Technology Co., Ltd.

    Grade Last Price % Change Price Change
    D 2.16 5.88% 0.12
    OCFT closed up 5.88 percent on Thursday, May 2, 2024, on 76 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
    Earnings due: May 20
    *** please verify all earnings dates ***
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Down Flat Up
    Historical OCFT trend table...
    Date Alert Name Type % Chg
    20 DMA Support Bullish 0.00%
    Crossed Above 50 DMA Bullish 0.00%
    Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
    Stochastic Reached Overbought Strength 0.00%
    Weak + Overbought Other 0.00%
    Outside Day Range Expansion 0.00%
    Overbought Stochastic Strength 0.00%
    Up 3 Days in a Row Strength 0.00%
    Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 5.88%
    Crossed Above 20 DMA Bullish 6.40%
    Older End-of-Day Signals for OCFT ...

       Recent Intraday Alerts

    Alert Time
    50 DMA Resistance about 14 hours ago
    Rose Above 50 DMA about 15 hours ago
    Up 1 ATR about 15 hours ago
    Rose Above Previous Day's High about 15 hours ago
    Outside Day about 15 hours ago
    View Earlier Intraday Alerts

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    Profile

    OneConnect Financial Technology Co., Ltd. Description

    OneConnect Financial Technology Co., Ltd. operates as a technology-as-a-service platform for financial institutions in the People's Republic of China. The company provides cloud-platform-based Fintech solutions, and online information and operating support services. It offers digital retail banking, small and medium enterprises SME financing and services, retail banking risk-management, SME banking risk management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions. The company also operates Gamma O, an open API platform-as-a-service for reusable financial technology components and integrations; and Blockchain network-as-a-service. In addition, it provides technology infrastructure, such as data management and cloud services. The company serves customers in the financial services industry, including banking, insurance, and asset management. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, China. OneConnect Financial Technology Co., Ltd. operates as a subsidiary of Ping An Insurance Group Company of China, Ltd.

    Classification
    Sector: Technology
    Industry: Software - Application
    Keywords: Banking Artificial Intelligence Asset Management Financial Technology Blockchain Risk Management Fintech Data Management Cloud Services Services Industry Technology Infrastructure Insurance Operations Liability Management Me Bank Online Information Fintech Solutions Insurance Sales

    Is OCFT a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Apr 23 OneConnect Files Annual Report on Form 20-F
    Mar 18 Earnings Scheduled For March 18, 2024
    Mar 6 OneConnect to Announce Fourth Quarter and Full Year 2023 Financial Results
    Dec 20 The Zacks Analyst Blog Highlights Enanta, OneConnect Financial, KNOT Offshore, Hippo Holdings and H World
    Dec 19 5 Secret Santa Stocks to Pop Surprise Returns
    Nov 14 Lufax to acquire Hong Kong virtual lender Ping An OneConnect Bank for US$119.5 million
    Nov 1 OneConnect to Announce Third Quarter 2023 Financial Results
    See more OCFT news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 6.0
    52 Week Low 1.75
    Average Volume 19,236
    200-Day Moving Average 2.85
    50-Day Moving Average 2.16
    20-Day Moving Average 1.97
    10-Day Moving Average 1.94
    Average True Range 0.12
    RSI (14) 57.45
    ADX 21.08
    +DI 23.44
    -DI 15.25
    Chandelier Exit (Long, 3 ATRs) 1.93
    Chandelier Exit (Short, 3 ATRs) 2.12
    Upper Bollinger Bands 2.24
    Lower Bollinger Band 1.70
    Percent B (%b) 0.84
    BandWidth 27.35
    MACD Line -0.04
    MACD Signal Line -0.08
    MACD Histogram 0.0376
    Fundamentals Value
    Market Cap 84.24 Million
    Num Shares 39 Million
    EPS 43.99
    Price-to-Earnings (P/E) Ratio 0.05
    Price-to-Sales 0.02
    Price-to-Book 0.19
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 2.51
    Resistance 3 (R3) 2.48 2.33 2.45
    Resistance 2 (R2) 2.33 2.25 2.35 2.43
    Resistance 1 (R1) 2.25 2.19 2.29 2.28 2.41
    Pivot Point 2.10 2.10 2.13 2.12 2.10
    Support 1 (S1) 2.02 2.02 2.06 2.05 1.91
    Support 2 (S2) 1.87 1.96 1.89 1.89
    Support 3 (S3) 1.79 1.87 1.87
    Support 4 (S4) 1.82