OPTICAL CABLE CORP (OCC) Technical Analysis
NASDAQ:OCC • US6838272085
Current stock price
OCC Technical Rating and Analysis
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.
- 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 98% of all other stocks. On top of that, OCC also shows a nice and consistent pattern of rising prices.
- OCC is part of the Communications Equipment industry. There are 46 other stocks in this industry. OCC outperforms 84% of them.
- 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 7.73 - 12.27 range, which is quite wide. It is currently trading near the high of this range.
OCC Weekly and Daily overview Charts
OCC Setup Rating and Analysis
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. There is a support zone below the current price at 10.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OCC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
OCC Support and Resistance Analysis
8.26
2 important support areas can be observed.
- A support zone ranging from 10.45 to 10.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.34 from a trend line in the daily time frame.
OCC Technical Indicator Signal Analysis
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 | 98.68 | POSITIVE | OCC has a high relative strength, it outperformed 98.68% 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) | 62.41 | NEUTRAL | The RSI value for OCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OCC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.83 | NEUTRAL | The Stochastics value for OCC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.9 | HIGH VOLATILITY | The high ATR as a percentage value for OCC suggests high volalility. |
| Average Directional Index/ADX (14) | 45.26 | POSITIVE | The high ADX value value for OCC suggests a strong trend. |
OCC Chart- and CandleStick Pattern Analysis
OCC Example Setup
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 |
|---|---|---|---|
| 12.28 | 10.44 | 1.84 (14.98%) | 6.67% |
| An entry @12.28. This is a Buy Stop order right above the 10 day high. | An exit @10.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.84 points, which is 14.98%. | For a 1.00% total portfolio risk, you can invest 6.67% 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.
OCC Technicals: Chart, Performance Metrics, Trend & Indicators
10.97
+0.21 (+2%)
OPTICAL CABLE CORP / OCC TA FAQ
What is the technical rating for OCC stock?
ChartMill assigns a technical rating of 10 / 10 to OCC.
What is the current trend direction of OPTICAL CABLE CORP (OCC) stock?
The current trend direction for OPTICAL CABLE CORP (OCC) is Bullish.
What is the RSI signal for OCC stock?
OPTICAL CABLE CORP (OCC) has an RSI value of 62.4148. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OPTICAL CABLE CORP?
The short term momentum for OPTICAL CABLE CORP (OCC) is positive.
What are the support and resistance levels for OPTICAL CABLE CORP (OCC) stock?
OPTICAL CABLE CORP (OCC) has a support level at 10.57. Check the full technical report for our detailed analysis of OCC support and resistance levels.