Technical Analysis for ONIT - Onity Group Inc.

Grade Last Price % Change Price Change
D 23.61 5.03% 1.13
ONIT closed up 5.03 percent on Thursday, June 27, 2024, on 66 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Slingshot Bearish Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Oversold Stochastic Weakness 5.03%
Stochastic Reached Oversold Weakness 3.83%
Gapped Up Strength 3.83%
Oversold Stochastic Weakness 3.83%
Outside Day Range Expansion 2.30%
Gapped Down Weakness 2.30%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 9 hours ago
50 DMA Resistance about 10 hours ago
20 DMA Resistance about 10 hours ago
Up 2 ATRs about 10 hours ago
Up 10% about 10 hours ago

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Profile

Onity Group Inc. Description

Onity Group, Inc. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.


Classification

Sector: Financial Services
Industry: Specialty Finance
Keywords: Loan Asset Management Services Mortgage Loan Servicing Pennymac Financial Services

Is ONIT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 35.79
52 Week Low 21.15
Average Volume 13,752
200-Day Moving Average 26.00
50-Day Moving Average 24.61
20-Day Moving Average 23.96
10-Day Moving Average 23.33
Average True Range 1.02
RSI (14) 46.81
ADX 17.86
+DI 22.46
-DI 22.85
Chandelier Exit (Long, 3 ATRs) 22.43
Chandelier Exit (Short, 3 ATRs) 25.54
Upper Bollinger Bands 25.67
Lower Bollinger Band 22.24
Percent B (%b) 0.4
BandWidth 14.32
MACD Line -0.55
MACD Signal Line -0.47
MACD Histogram -0.0815
Fundamentals Value
Market Cap 181.25 Million
Num Shares 7.68 Million
EPS -10.87
Price-to-Earnings (P/E) Ratio -2.17
Price-to-Sales 0.22
Price-to-Book 0.51
PEG Ratio -1.40
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.36
Resistance 3 (R3) 26.46 25.64 25.90
Resistance 2 (R2) 25.64 24.94 25.59 25.74
Resistance 1 (R1) 24.63 24.51 25.14 24.53 25.59
Pivot Point 23.81 23.81 24.07 23.76 23.81
Support 1 (S1) 22.80 23.11 23.31 22.70 21.63
Support 2 (S2) 21.98 22.68 21.93 21.48
Support 3 (S3) 20.97 21.98 21.32
Support 4 (S4) 20.87