OPTICAL CABLE CORP (OCC) Stock Technical Analysis
NASDAQ:OCC - US6838272085 - Common Stock
6.345 USD
-0.61 (-8.71%)
6.35 USD
+0 (+0.08%)
Taking everything into account, OCC scores 10 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, OCC did better than 97% of all other stocks.
OCC is one of the better performing stocks in the Communications Equipment industry, it outperforms 87% of 48 stocks in the same industry.
A new 52 week high is currently being made by OCC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month OCC has a been trading in the 4.90 - 7.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OCC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.47
6.41
When analyzing the support we can see 2 important areas.
- Support @5.63 from a trend line in the daily time frame.
- Support @2.49 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for OCC is up. |
| ChartMill Relative Strength | 97.58 | POSITIVE | OCC has a high relative strength, it outperformed 97.58% 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) | 60.27 | NEUTRAL | The RSI value for OCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests OCC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.01 | OVERBOUGHT | The high Stochastics value suggests OCC may be overbought. |
| Average True Range in percent/ATR (20) | 9.25 | HIGH VOLATILITY | The high ATR as a percentage value for OCC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.43 | NEUTRAL | The ADX value for OCC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.01 | 5.62 | 1.39 (19.83%) | 5.04% |
| An entry @7.01. This is a Buy Stop order right above the 10 day high. | An exit @5.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.39 points, which is 19.83%. | For a 1.00% total portfolio risk, you can invest 5.04% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.345
-0.61 (-8.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-8.71%
1 Week12.3%
2 Weeks17.28%
1 Month33.86%
3 Month118.79%
6 Month57.05%
12 Month136.75%
2 Year66.97%
3 Year70.1%
5 Year162.19%
10 Year83.91%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%9.25%
ATR Inc62.36%
Range Today1.17
ADR(20)0.57
ADR(20)%8.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.58
Mansfield6.55
10 Day High7
10 Day Low5.01
20 Day High7
20 Day Low4.9
52 Week High7
52 Week Low2.02
CS1 End5.63
CR1 StartN/A
Volume & EV
DER(3)-7.63%
DER(5)-9.06%
Volume143.10K
Volume Incr94.27%
Vol(5)116.58K
Vol(50)347.50K