Ondas (ONDS) Price Forecast: Bullish Setup Tests Critical Levels

Earnings Strength and Early Breakout Attempt

Ondas (ONDS) Inc. reported earnings before the market opened on Thursday, with strong top line growth and record revenue. The company builds private wireless networking and autonomous drone/counter-drone systems for industrial and government clients. Its stock jumped to a 52-day high of $12.12 on Friday as it attempted a bullish breakout of a head-and-shoulders continuation pattern by moving above neckline resistance and a lower swing high at $11.61. Strength was indicated by a bullish engulfing pattern that emerged on Friday and the highest weekly closing price in 16 weeks, as ONDS traded relatively sideways during the formation of the head-and-shoulders structure.

Consolidation Breakout Still Unconfirmed

These early signs of strength suggest a potential upside breakout from consolidation and a continuation of the longer-term bull trend. Although the base breakout did not confirm with either a daily or weekly close above the neckline, other technical signs suggest that it is becoming more likely to do so.

200-Day SMA Holds Key Role

Further validation of improving demand is seen relative to the 200-day moving average as dynamic support, which defines support for the recent multi-month range. Notably, the 200-day line came the closest to price in a year, since late May 2025, before buyers regained control, resulting in this week’s bullish breakout attempt. Another attempt to successfully reclaim the 100-day moving average, now near $10.41 is in process as well. That average was clearly recognized as a support zone by the market during the prior advance. Its subsequent failure as a support in late-March didn’t see much of a decline before the buyers established support.

Short-Term Reversal Risk Still Present

This week ended with a shooting star candlestick pattern that triggers a downside signal on a drop below $10.57. It indicates that the base breakout has not yet confirmed. However, potential support is shown by the 100-day average near $10.41 currently.

Breakout Thresholds Define Next Move

Nonetheless, a decisive advance above the lower swing high of $11.61 will provide another bullish breakout signal, with strength confirmed above this week’s high of $12.12. However, the top of the head and shoulders pattern is at the lower swing high of $12.42.

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