Ondas Is Up 1,000%+ Over 12 Months. What Its Chart Says Now

TradingView2026/03/05 19:12

By:TradingView

The U.S.-Israel-Iran conflict has created volatility for defense-oriented stocks like drone-maker Ondas ONDS, which rose some 6% Monday but has gone up and down ever since, although it's up 1,000%+ over 12 months. Let's see what the stock's fundamental and technical analysis shows.

Ondas' Fundamental Analysis

ONDS makes military and security-oriented drones and wireless-communications systems.

Its stock and those of other autonomous-warfare firms like Kratos Defense KTOS and AeroVironment AVAV all took flight following the U.S.-Iran war's weekend outbreak, only to go back and forth a few times since then.

Ondas also announced a partnership and $10 million investment on Monday in World View Enterprises, which uses high-altitude balloons for intelligence gathering. The two companies plan to evaluate joint solution architectures and priority-mission applications for the U.S. mil itary and Department of Homeland Security, as well as for similar agencies in American-allied nations.

The deal came some two weeks before Wall Street expects Ondas to report Q4 results, with analysts currently looking for an adjusted $0.03 loss per share on $27.5 million of revenue.

That revenue print would reflect a 570.7% gain from revenues of just $4.1 million in the year-ago period, but that's such a big gain that it's not a true comparison.

That said, two of the eight sell-side analysts that I know of who cover Ondas have revised their numbers higher since the quarter began, while two have cut their estimates. (Four have made no changes.)

Ondas' Technical Analysis

Now let's look at ONDS' chart going back some eight months and running through Tuesday afternoon (March 3):

Readers will first note that ONDS seemed to develop a head-and-shoulders pattern of bearish reversal beginning in November, but exited that set-up in mid-February without completing it. That negated the pattern's bearish signal.

Since then, Ondas has taken and lost both its 21-day Exponential Moving Average (or "EMA," marked with a green line) and its 50-day Simple Moving Average (or "SMA," denoted by a blue line) a number of times. This shows a certain level of indecision in the market.

Next, let's focus on Ondas' Andrews' Pitchfork model, which I've marked with black pitchfork-like lines in the chart above.

We can see that the stock's support has aligned closely with the pitchfork's lower trendline. A loss of that line could allow Ondas to fall all the way down to its next indicated support level.

The Andrews' model also indicates that Ondas' upside pivot might lie at the pitchfork's central trendline -- about $14 vs. the $10.51 that ONDS closed at on Wednesday.

Meanwhile, a look at Ondas' other technical indicators shows that the stock's Relative Strength Index (denoted by a gray line at the chart's top) has been largely stuck in neutral for weeks.

However, Ondas' daily Moving Average Convergence Divergence indicator (or "MACD," marked with black and gold lines and blue bars) has been showing some bullish signs of late.

The 12-day EMA (the black line) has crossed above the 26-day EMA (the gold line), although both remain in negative territory. That's bullish, but in a muted sense.

Similarly, the histogram of the stock's 9-day EMA (the blue bars) has held its place above the zero-bound for about two weeks. That's a short-term bullish development.

(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long ONDS at the time of writing this column.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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