Olo Inc (OLO): Price Now Near $27.71; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for OLO

Currently, OLO (Get Ratings)’s price is up $0.05 (0.18%) from the hour prior. The hourly chart shows that OLO has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Business Services stocks, OLO ranks 176th in regards to today’s price percentage change.

OLO’s Technical Outlook on the Daily Chart

At the time of this writing, OLO’s price is up $0.43 (1.58%) from the day prior. This is the 2nd day in a row OLO has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows OLO’s price action over the past 90 days.

OLO

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OLO: Daily RSI Analysis

  • OLO’s RSI now stands at 35.3261.
  • OLO and RSI may be exhibiting divergent trends. This may be something to monitor.

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