We assign a technical rating of 3 out of 10 to OCC. Although OCC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of OCC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.15
When analyzing the support we notice one important area.
- Support @3.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @9.68 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 | NEUTRAL | NEUTRAL | The long term trend for OCC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCC is neutral. |
| ChartMill Relative Strength | 92.41 | POSITIVE | OCC has a high relative strength, it outperformed 92.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OCC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.92 | NEUTRAL | The RSI value for OCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests OCC has a negative trend. |
| Stochastics (14,3) | 12.74 | OVERSOLD | The low Stochastics value suggests OCC may be oversold. |
| Average True Range in percent/ATR (20) | 18.8 | HIGH VOLATILITY | The high ATR as a percentage value for OCC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.93 | NEUTRAL | The ADX value for OCC suggests a possible start of a new trend. |
4.97
-0.53 (-9.64%)
OPTICAL CABLE CORP / OCC FAQ
What is the technical rating for OCC stock?
ChartMill assigns a technical rating of 3 / 10 to OCC.
Can you provide the trend direction for OPTICAL CABLE CORP?
The current trend direction for OPTICAL CABLE CORP (OCC) is Bearish.
Can you provide the RSI signal for OPTICAL CABLE CORP?
OPTICAL CABLE CORP (OCC) has an RSI value of 30.9185. 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 3.18 and a resistance level at 9.68. Check the full technical report for our detailed analysis of OCC support and resistance levels.