EIGHTCO HOLDINGS INC (OCTO) Stock Technical Analysis
USA - NASDAQ:OCTO - US22890A3023 - Common Stock
24.11 USD
-16.06 (-39.98%)
22.06 USD
-2.05 (-8.5%)
We assign a technical rating of 8 out of 10 to OCTO. OCTO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
OCTO is one of the better performing stocks in the Containers & Packaging industry, it outperforms 100% of 22 stocks in the same industry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OCTO has an average volume of 5224070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, OCTO did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
OCTO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OCTO is lagging the market.
In the last month OCTO has a been trading in the 1.33 - 67.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
23.87
24.35
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. |
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)
24.11
-16.06 (-39.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-39.98%
1 Week1507.33%
2 Weeks1501.99%
1 Month1486.18%
3 Month1981.68%
6 Month2033.63%
12 Month1370.12%
2 Year756.48%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.38
ATR(20)%24.46%
ATR Inc430.35%
Range Today14.99
ADR(20)4.25
ADR(20)%17.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.91
Mansfield101.57
10 Day High67
10 Day Low1.35
20 Day High67
20 Day Low1.33
52 Week High67
52 Week Low0.98
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-1.37%
DER(5)-8.62%
Volume6.87M
Volume Incr106419.04%
Vol(5)38.31M
Vol(50)5.22M