OFS CREDIT COMPANY INC - OCCI 7 7/8 10/31/29 (OCCIM) Stock Technical Analysis
NASDAQ:OCCIM - Nasdaq - - Currency: USD
We assign a technical rating of 4 out of 10 to OCCIM. OCCIM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
OCCIM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.82, 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.
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23.94
When analyzing the support we notice one important area.
- A support zone ranging from 24.18 to 24.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.91 to 25.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OCCIM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCCIM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | OCCIM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCCIM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OCCIM is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 55.61 | NEUTRAL | The RSI value for OCCIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OCCIM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.67 | NEUTRAL | The Stochastics value for OCCIM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.66 | LOW VOLATILITY | The low ATR as a percentage value for OCCIM suggests low volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for OCCIM suggests a weak or negative trend. |
OFS CREDIT COMPANY INC - OCCI 7 7/8 10/31/29
NASDAQ:OCCIM (6/6/2025, 8:15:55 PM)
24.89
-0.06 (-0.24%)