OPTICAL CABLE CORP (OCC) Stock Technical Analysis
NASDAQ:OCC - Nasdaq - US6838272085 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to OCC. Both in the recent history as in the last year, OCC has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
When comparing the yearly performance of all stocks, we notice that OCC is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by OCC over the past year are nicely spread over this period.
OCC is one of the better performing stocks in the Communications Equipment industry, it outperforms 89% of 48 stocks in the same industry.
OCC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OCC is lagging the market slightly.
In the last month OCC has a been trading in the 4.07 - 6.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although OCC has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
4.76
6.20
We found 1 important support area.
- Support @4.81 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.13 to 6.14. 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 OCC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCC is up. |
| ChartMill Relative Strength | 96.99 | POSITIVE | OCC has a high relative strength, it outperformed 96.99% 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) | 65.22 | NEUTRAL | The RSI value for OCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OCC has a positive trend. |
| Stochastics (14,3) | 82.72 | OVERBOUGHT | The high Stochastics value suggests OCC may be overbought. |
| Average True Range in percent/ATR (20) | 10.39 | HIGH VOLATILITY | The high ATR as a percentage value for OCC suggests high volalility. |
| Average Directional Index/ADX (14) | 36.62 | POSITIVE | The high ADX value value for OCC suggests a strong 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)
5.96
+0.02 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.34%
1 Week25.74%
2 Weeks19.68%
1 Month23.14%
3 Month98.67%
6 Month26.81%
12 Month117.88%
2 Year56.84%
3 Year59.78%
5 Year146.28%
10 Year72.75%
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%10.39%
ATR Inc-26.06%
Range Today0.34
ADR(20)0.61
ADR(20)%10.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.99
Mansfield6.4
10 Day High6.25
10 Day Low4.07
20 Day High6.97
20 Day Low4.07
52 Week High7
52 Week Low2.02
CS1 End4.81
CR1 Start6.13
Volume & EV
DER(3)0.23%
DER(5)1.44%
Volume70.50K
Volume Incr-86.97%
Vol(5)99.20K
Vol(50)338.20K