Overall OCCI gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. OCCI was also a bad performer in the overall market in the last year.
- 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.
- 83% of all other stocks performed better in the past year than OCCI.
- OCCI is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 75% are performing better than OCCI.
- OCCI 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.
- In the last month OCCI has a been trading in the 4.68 - 5.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, OCCI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
4.75
We found 2 important support areas.
- A support zone ranging from 4.94 to 4.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.80 to 4.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.04 to 5.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.39 from a trend line in the daily time frame.
- Resistance @5.48 from a trend line in the weekly time frame.
- Resistance @5.96 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for OCCI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCCI is neutral. |
| ChartMill Relative Strength | 17.45 | NEGATIVE | OCCI has a low relative strength, it was outperformed by 82.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OCCI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.12 | NEUTRAL | The RSI value for OCCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OCCI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.57 | NEUTRAL | The Stochastics value for OCCI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for OCCI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.72 | NEGATIVE | The low ADX value for OCCI suggests a weak or negative trend. |
4.97
+0.1 (+2.05%)
OFS CREDIT CO INC / OCCI FAQ
Can you provide the ChartMill technical rating for OFS CREDIT CO INC?
ChartMill assigns a technical rating of 2 / 10 to OCCI.
What is the current trend direction of OFS CREDIT CO INC (OCCI) stock?
The current trend direction for OFS CREDIT CO INC (OCCI) is Bearish.
What is the RSI signal for OCCI stock?
OFS CREDIT CO INC (OCCI) has an RSI value of 56.1219. This indicates that the stock is currently neutral.
What is the MACD signal for OFS CREDIT CO INC (OCCI) stock?
The MACD indicator for OFS CREDIT CO INC (OCCI) has a value of 0.0107723, indicating a bearish trend.
Can you provide the support and resistance levels for OFS CREDIT CO INC?
OFS CREDIT CO INC (OCCI) has a support level at 4.97 and a resistance level at 5.04. Check the full technical report for our detailed analysis of OCCI support and resistance levels.