USA - NASDAQ:OCTO - US22890A3023 - Common Stock
Taking everything into account, OCTO scores 8 out of 10 in our technical rating. In the last year, OCTO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although OCTO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
23.87
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 OCTO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCTO is up. |
| ChartMill Relative Strength | 99.91 | POSITIVE | OCTO has a high relative strength, it outperformed 99.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCTO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.9 | NEUTRAL | The RSI value for OCTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.98 | POSITIVE | The MACD value suggests OCTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.6 | NEUTRAL | The Stochastics value for OCTO is a neutral value. |
| Average True Range in percent/ATR (20) | 24.46 | HIGH VOLATILITY | The high ATR as a percentage value for OCTO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.83 | POSITIVE | The high ADX value value for OCTO suggests a strong trend. |
24.11
-16.06 (-39.98%)
ChartMill assigns a technical rating of 8 / 10 to OCTO.
The current trend direction for EIGHTCO HOLDINGS INC (OCTO) is Bearish.
EIGHTCO HOLDINGS INC (OCTO) has an RSI value of 57.897. This indicates that the stock is currently neutral.
The MACD indicator for EIGHTCO HOLDINGS INC (OCTO) has a value of 3.9797, indicating a bullish trend.
The short term momentum for EIGHTCO HOLDINGS INC (OCTO) is positive.