OFS CREDIT CO INC (OCCI) Stock Technical Analysis
USA - NASDAQ:OCCI - US67111Q1076
Overall OCCI gets a technical rating of 0 out of 10. OCCI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, OCCI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.93. Right above this resistance zone may be a good entry point.
More info and screens
4.53
When analyzing the support we notice one important area.
- Support @4.58 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 4.93 to 4.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.86 to 5.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.30 from a horizontal line in the daily time frame.
- Resistance @6.86 from a trend line in the weekly time frame.
- Resistance @7.62 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 OCCI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OCCI is down. |
| ChartMill Relative Strength | 11.23 | NEGATIVE | OCCI has a low relative strength, it was outperformed by 88.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCCI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCCI is below a declining 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) | 36.8 | NEUTRAL | The RSI value for OCCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OCCI has a positive trend. |
| Stochastics (14,3) | 21.73 | NEUTRAL | The Stochastics value for OCCI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for OCCI suggests some volalility. |
| Average Directional Index/ADX (14) | 45.14 | POSITIVE | The high ADX value value for OCCI suggests a strong trend. |
4.72
+0.13 (+2.83%)
OFS CREDIT CO INC / OCCI FAQ
Can you provide the ChartMill technical rating for OFS CREDIT CO INC?
ChartMill assigns a technical rating of 0 / 10 to OCCI.
Can you provide the trend direction for OFS CREDIT CO INC?
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 36.8044. 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 0.00220336, indicating a bearish trend.
Can you provide the short term momentum for OFS CREDIT CO INC?
The short term momentum for OFS CREDIT CO INC (OCCI) is negative.