Ondas Inc. (NASDAQ:ONDS) stock moved lower on Monday due to sector-wide profit-taking across drone stocks and ongoing digestion of its second-quarter financial results.
The Nasdaq is down 0.22% while the S&P 500 has shed 0.46% and Ondas is lagging even as the Technology sector is up 0.09%.
• Ondas stock is under selling pressure. Why are ONDS shares declining?
On August 13, Ondas reported second quarter revenue of $83.77 million, topping the $67.97 million estimate. However, GAAP losses per share hit 19 cents, wider than the expected five-cent loss.
Stock Resale Registration
On Friday, Ondas filed a Form 8-K covering the resale of 99,105 common stock shares issued for its acquisition of World View Enterprises Inc.
CEO Eric Brock said during the earnings call that demand for counter-drone systems remains strong for the “foreseeable future.” Ondas raised its full-year 2026 revenue guidance to $525 million to $550 million.
Technical Analysis
Ondas is still up 42.03% over the past 12 months, but the current chart is in a repair phase: the stock is trading 11.9% below its 20-day SMA, 4.3% below its 50-day SMA, and more than 15% below both the 100-day and 200-day SMAs. That mix often signals that longer-term trend resistance is overhead, even if the stock can bounce in the short term.
The moving-average structure is mixed, with the 20-day SMA still above the 50-day SMA (a near-term bullish tilt), but the 50-day SMA remains below the 200-day SMA after the Death Cross in July, keeping the bigger-picture trend biased lower. Recent turning points matter here too: the stock put in a swing low in July and a swing high in August, so traders are watching whether price can build higher lows without getting rejected at overhead averages.
- Key Resistance: $8.50 — Nearby round-number area that also lines up closely with the 50-day EMA ($8.55), where rebounds can stall.
- Key Support: $7 — Nearby round-number level that sits below current price and can act as the next "line in the sand" if selling accelerates
ONDS Stock Price Activity: Ondas shares were down 2.76% at $7.68 at the time of publication on Monday, according to Benzinga Pro data.
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