OCLARO INC (OCLR) Stock Technical Analysis
NASDAQ:OCLR - Nasdaq - US67555N2062
Taking everything into account, OCLR scores 5 out of 10 in our technical rating. Although OCLR 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
OCLR has an average volume of 1835830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, OCLR did better than 85% of all other stocks. However, OCLR's most recent performance is quite weak.
OCLR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OCLR is lagging the market.
In the last month OCLR has a been trading in the 7.27 - 8.84 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.
OCLR has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
7.32
9.37
We found 2 important support areas.
- A support zone ranging from 7.74 to 7.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.39 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.27 to 8.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.19 to 9.28. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for OCLR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCLR is up. |
| ChartMill Relative Strength | 85.13 | POSITIVE | OCLR has a high relative strength, it outperformed 85.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OCLR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCLR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OCLR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.13 | NEUTRAL | The RSI value for OCLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests OCLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.69 | OVERBOUGHT | The high Stochastics value suggests OCLR may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for OCLR suggests some volalility. |
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)
8.26
-0.18 (-2.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.13%
1 Week3.25%
2 Weeks9.55%
1 Month-3.5%
3 Month-12.03%
6 Month-8.73%
12 Month17.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.94%
ATR Inc-18.98%
Range Today0.24
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.13
Mansfield0.34
10 Day High8.51
10 Day Low7.6
20 Day High8.84
20 Day Low7.27
52 Week High10.2
52 Week Low5.61
CS1 End7.74
CR1 Start8.27
Volume & EV
DER(3)-0.64%
DER(5)1.68%
Volume4.80M
Volume Incr107.56%
Vol(5)3.60M
Vol(50)1.84M