EIGHTCO HOLDINGS INC (OCTO) Stock Technical Analysis
NASDAQ:OCTO - US22890A3023 - Common Stock
1.52 USD
+0.14 (+10.14%)
We assign a technical rating of 5 out of 10 to OCTO. OCTO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
OCTO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OCTO has a been trading in the 1.33 - 2.16 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
OCTO has an average volume of 1392050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, OCTO outperforms 45% of them, which is more or less in line with the market.
OCTO is an average performer in the Containers & Packaging industry, it outperforms 57% of 22 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
OCTO has an average technical rating and it also does not offer a high quality setup 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
1.10
2.46
We found 3 important support areas.
- A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.17 from a trend line in the weekly time frame.
- Support @1.11 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.62 from a horizontal line in the daily time frame.
- Resistance @2.36 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.43 to 2.44. 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 | NEUTRAL | NEUTRAL | The long term trend for OCTO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCTO is neutral. |
| ChartMill Relative Strength | 45.45 | NEUTRAL | OCTO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCTO is below a declining 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) | DOWN | MIXED | The current price of OCTO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.64 | NEUTRAL | The RSI value for OCTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OCTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.29 | NEUTRAL | The Stochastics value for OCTO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.89 | HIGH VOLATILITY | The high ATR as a percentage value for OCTO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.8 | POSITIVE | The high ADX value value for OCTO suggests a strong trend. |
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)
NASDAQ:OCTO (8/22/2025, 8:00:02 PM)
1.52
+0.14 (+10.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg10.14%
1 Week-3.18%
2 Weeks2.7%
1 Month-38.21%
3 Month22.58%
6 Month-11.63%
12 Month-15.46%
2 Year-53.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%9.89%
ATR Inc-3.15%
Range Today0.15
ADR(20)0.13
ADR(20)%8.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.45
Mansfield-1.25
10 Day High1.63
10 Day Low1.33
20 Day High2.16
20 Day Low1.33
52 Week High4.86
52 Week Low0.98
CS1 End1.38
CR1 Start1.62
Volume & EV
DER(3)-13.25%
DER(5)-6.72%
Volume37.50K
Volume Incr-98.83%
Vol(5)40.36K
Vol(50)1.39M