OCEAN BIO-CHEM INC (OBCI) Stock Technical Analysis
NASDAQ:OBCI • US6746311066
Taking everything into account, OBCI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, OBCI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- OBCI is part of the Household Products industry. There are 12 other stocks in this industry. OBCI outperforms 100% of them.
- A new 52 week high is currently being made by OBCI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- Looking at the yearly performance, OBCI did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month OBCI has a been trading in a tight range between 12.89 and 13.05.
- Considerably lower volume is observed in the last couple of days.
Although OBCI has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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12.81
When analyzing the support we notice one important area.
- A support zone ranging from 12.94 to 13.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 13.05 to 13.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OBCI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OBCI is up. |
| ChartMill Relative Strength | 97.59 | POSITIVE | OBCI has a high relative strength, it outperformed 97.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OBCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OBCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OBCI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.67 | OVERBOUGHT | The high RSI value suggests OBCI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests OBCI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.67 | NEUTRAL | The Stochastics value for OBCI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for OBCI suggests low volalility. |
13.03
-0.01 (-0.08%)
OCEAN BIO-CHEM INC / OBCI FAQ
What is the ChartMill technical rating of OCEAN BIO-CHEM INC (OBCI) stock?
ChartMill assigns a technical rating of 8 / 10 to OBCI.
Can you provide the trend direction for OCEAN BIO-CHEM INC?
The current trend direction for OCEAN BIO-CHEM INC (OBCI) is Bullish.
Can you provide the RSI signal for OCEAN BIO-CHEM INC?
OCEAN BIO-CHEM INC (OBCI) has an RSI value of 83.6716. This indicates that the stock is currently overbought.
What is the buy/sell signal for OBCI stock?
The buy/sell signal for OCEAN BIO-CHEM INC (OBCI) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for OCEAN BIO-CHEM INC?
OCEAN BIO-CHEM INC (OBCI) has a support level at 13.02 and a resistance level at 13.05. Check the full technical report for our detailed analysis of OBCI support and resistance levels.