OCG Technical Analysis - ORIENTAL CULTURE HOLDING LTD

Technical Rating and Analysis

Taking everything into account, OCG scores 2 out of 10 in our technical rating. Although OCG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month OCG has a been trading in the 3.42 - 4.26 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

OCG is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. OCG outperforms 82% of them.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

Looking at the yearly performance, OCG did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

OCG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OCG is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ORIENTAL CULTURE HOLDING LTD / OCG Weekly stock chart

ORIENTAL CULTURE HOLDING LTD / OCG Daily stock chart

Setup Rating and Analysis

OCG has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.28

4.10

We found 2 important support areas.

A support zone ranging from 3.48 to 3.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.31 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 3.85 to 3.92. 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 4.05 to 4.06. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for OCG is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for OCG is down.
ChartMill Relative Strength	90.73	POSITIVE	OCG has a high relative strength, it outperformed 90.73% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of OCG is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of OCG is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of OCG is below the rising SMA(200).
Relative Strength Index/RSI (14)	36.7	NEUTRAL	The RSI value for OCG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests OCG has a negative trend.
Stochastics (14,3)	20.28	NEUTRAL	The Stochastics value for OCG is a neutral value.
Average True Range in percent/ATR (20)	7.87	HIGH VOLATILITY	The high ATR as a percentage value for OCG suggests high volalility.
Average Directional Index/ADX (14)	20.34	NEUTRAL	The ADX value for OCG suggests a possible start of a new trend.