Taking everything into account, OCC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OCC is showing a nice and steady performance.
Although OCC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.38
We found 1 important support area.
- Support @6.44 from a trend line in the daily time frame.
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 OCC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCC is neutral. |
| ChartMill Relative Strength | 98.32 | POSITIVE | OCC has a high relative strength, it outperformed 98.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.09 | NEUTRAL | The RSI value for OCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests OCC has a positive trend. |
| Stochastics (14,3) | 75.01 | NEUTRAL | The Stochastics value for OCC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for OCC suggests high volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for OCC suggests a weak or negative trend. |
8.51
+0.61 (+7.72%)
OPTICAL CABLE CORP / OCC FAQ
What is the technical rating for OCC stock?
ChartMill assigns a technical rating of 9 / 10 to OCC.
Can you provide the trend direction for OPTICAL CABLE CORP?
The current trend direction for OPTICAL CABLE CORP (OCC) is Bullish.
Can you provide the RSI signal for OPTICAL CABLE CORP?
OPTICAL CABLE CORP (OCC) has an RSI value of 58.0891. This indicates that the stock is currently neutral.
What is the short term momentum for OPTICAL CABLE CORP (OCC) stock?
The short term momentum for OPTICAL CABLE CORP (OCC) is neutral.
What is the support and resistance level for OCC stock?
OPTICAL CABLE CORP (OCC) has a support level at 6.44. Check the full technical report for our detailed analysis of OCC support and resistance levels.