OPTICAL CABLE CORP (OCC) Stock Technical Analysis
NASDAQ:OCC - Nasdaq - US6838272085 - Common Stock - Currency: USD
Taking everything into account, OCC scores 1 out of 10 in our technical rating. OCC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
80% of all other stocks performed better in the past year than OCC.
OCC is one of the lesser performing stocks in the Communications Equipment industry. 77% of 50 stocks in the same industry do better.
OCC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OCC is lagging the market.
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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: OCC has an average volume of 20264 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
OCC has a bad technical rating, but it does show a decent setup pattern. 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
2.50
3.11
We found 2 important support areas.
- Support @2.64 from a trend line in the daily time frame.
- A support zone ranging from 2.53 to 2.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.79 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.97 to 2.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.08 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 | DOWN | NEGATIVE | The long term trend for OCC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCC is neutral. |
| ChartMill Relative Strength | 20.25 | NEGATIVE | OCC has a low relative strength, it was outperformed by 79.75% 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) | UP | MIXED | The current price of OCC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OCC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.3 | NEUTRAL | The RSI value for OCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OCC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.81 | NEUTRAL | The Stochastics value for OCC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.37 | HIGH VOLATILITY | The high ATR as a percentage value for OCC suggests high volalility. |
| Average Directional Index/ADX (14) | 9.05 | NEGATIVE | The low ADX value for OCC suggests a weak or negative 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)
NASDAQ:OCC (6/18/2025, 8:15:06 PM)
2.73
+0.02 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.74%
1 Week4.2%
2 Weeks-13.61%
1 Month-8.7%
3 Month-23.96%
6 Month30%
12 Month0.37%
2 Year-32.43%
3 Year-24.38%
5 Year9.2%
10 Year-20.64%
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%8.37%
ATR Inc-16.35%
Range Today0.28
ADR(20)0.23
ADR(20)%8.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.25
Mansfield-1.48
10 Day High3.13
10 Day Low2.44
20 Day High3.36
20 Day Low2.44
52 Week High7
52 Week Low2.02
CS1 End2.64
CR1 Start2.74
Volume & EV
DER(3)6.74%
DER(5)10.22%
Volume30.70K
Volume Incr32.19%
Vol(5)31.50K
Vol(50)20.26K