EIGHTCO HOLDINGS INC (OCTO) Stock Technical Analysis
NASDAQ:OCTO - Nasdaq - US22890A3023 - Common Stock - Currency: USD
Taking everything into account, OCTO scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. OCTO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, OCTO is a bad performer in the overall market: 92% of all stocks are doing better.
OCTO is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 85% are performing better than OCTO.
OCTO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OCTO is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month OCTO has a been trading in the 1.04 - 1.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, OCTO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.26
1.49
We found 1 important support area.
- Support @1.27 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.38 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.48 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.61
Mansfield-2.63
10 Day High1.54
10 Day Low1.24
20 Day High1.6
20 Day Low1.04
52 Week High4.86
52 Week Low0.98
Performance
1 Week-5.52%
2 Weeks2.24%
1 Month31.73%
3 Month-20.35%
6 Month-22.16%
12 Month-59.04%
2 Year-84.61%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)56.12
LBB1.29
UBB1.47
1.37
+0.03 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg1.86%
1 Week-5.52%
2 Weeks2.24%
1 Month31.73%
3 Month-20.35%
6 Month-22.16%
12 Month-59.04%
2 Year-84.61%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%9.9%
ATR Inc-64.02%
Range Today0.06
ADR(20)0.13
ADR(20)%9.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.61
Mansfield-2.63
10 Day High1.54
10 Day Low1.24
20 Day High1.6
20 Day Low1.04
52 Week High4.86
52 Week Low0.98
CS1 End1.27
CR1 Start1.38
Volume & EV
DER(3)-15.09%
DER(5)-8.86%
Volume10.80K
Volume Incr-78.85%
Vol(5)36.64K
Vol(50)85.98K