Overall OCC gets a technical rating of 0 out of 10. OCC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than OCC.
- OCC is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 87% are performing better than OCC.
- OCC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- OCC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, OCC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for OCC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.26
We found 3 important support areas.
- Support @4.22 from a trend line in the daily time frame.
- A support zone ranging from 4.15 to 4.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.58 from a horizontal line in the daily time frame.
- Resistance @8.52 from a trend 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 | DOWN | NEGATIVE | The long term trend for OCC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OCC is down. |
| ChartMill Relative Strength | 8.95 | NEGATIVE | OCC has a low relative strength, it was outperformed by 91.05% 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) | 36.72 | NEUTRAL | The RSI value for OCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests OCC has a positive trend. |
| Stochastics (14,3) | 35.61 | NEUTRAL | The Stochastics value for OCC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.49 | HIGH VOLATILITY | The high ATR as a percentage value for OCC suggests high volalility. |
| Average Directional Index/ADX (14) | 32.29 | POSITIVE | The high ADX value value for OCC suggests a strong trend. |
4.41
+0.05 (+1.15%)
OPTICAL CABLE CORP / OCC FAQ
What is the technical rating for OCC stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
Can you provide the RSI signal for OPTICAL CABLE CORP?
OPTICAL CABLE CORP (OCC) has an RSI value of 36.7247. 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 negative.
Can you provide the buy/sell signal for OPTICAL CABLE CORP?
The buy/sell signal for OPTICAL CABLE CORP (OCC) is sell as both the short term and long term trends are negative.