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

Grade Last Price % Change Price Change
C 2.25 4.00% 0.09
OCFT closed down 1.82 percent on Wednesday, November 20, 2024, on 34 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
Strong Up Down Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 4.00%
50 DMA Resistance Bearish 4.00%
180 Bearish Setup Bearish Swing Setup 4.00%
Lower Bollinger Band Walk Weakness 4.00%
Outside Day Range Expansion 4.00%
Wide Bands Range Expansion 4.00%
Lower Bollinger Band Touch Weakness 4.00%
Oversold Stochastic Weakness 4.00%
1,2,3 Pullback Bullish Bullish Swing Setup 2.11%
NR7 Range Contraction 2.11%

   Recent Intraday Alerts

Alert Time
Up 2% about 1 hour ago
Up 1% about 1 hour ago
Down 2 % 1 day ago
Down 1% 1 day ago
Possible NR7 2 days ago

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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

Indicators

Indicator Value
52 Week High 4.98
52 Week Low 0.8651
Average Volume 158,473
200-Day Moving Average 2.00
50-Day Moving Average 2.33
20-Day Moving Average 2.49
10-Day Moving Average 2.45
Average True Range 0.31
RSI (14) 42.86
ADX 32.76
+DI 27.55
-DI 16.45
Chandelier Exit (Long, 3 ATRs) 2.11
Chandelier Exit (Short, 3 ATRs) 3.01
Upper Bollinger Bands 2.87
Lower Bollinger Band 2.12
Percent B (%b) 0.06
BandWidth 30.24
MACD Line -0.04
MACD Signal Line 0.03
MACD Histogram -0.0712
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) 2.79
Resistance 3 (R3) 2.84 2.68 2.69
Resistance 2 (R2) 2.68 2.52 2.66 2.65
Resistance 1 (R1) 2.42 2.42 2.55 2.37 2.61
Pivot Point 2.26 2.26 2.33 2.24 2.26
Support 1 (S1) 2.00 2.10 2.13 1.95 1.71
Support 2 (S2) 1.84 2.00 1.82 1.67
Support 3 (S3) 1.58 1.84 1.64
Support 4 (S4) 1.53