O-I GLASS INC (OI) Technical Analysis
NYSE:OI • US67098H1041
Current stock price
OI Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to OI. OI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, OI is a bad performer in the overall market: 85% of all stocks are doing better.
- OI is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 85% are performing better than OI.
- OI 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 OI has a been trading in the 9.84 - 11.12 range, which is quite wide. It is currently trading near the high of this range.
- OI has an average volume of 2187540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
OI Weekly and Daily overview Charts
OI Setup Rating and Analysis
Although the technical rating is bad, OI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.90. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for OI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
OI Support and Resistance Analysis
9.75
When analyzing the support we can see 2 important areas.
- Support @10.04 from a horizontal line in the weekly time frame.
- Support @9.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.90 to 10.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.67 from a horizontal line in the daily time frame.
OI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for OI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OI is down. |
| ChartMill Relative Strength | 15.02 | NEGATIVE | OI has a low relative strength, it was outperformed by 84.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.92 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests OI has a positive trend. |
| Stochastics (14,3) | 56.79 | NEUTRAL | The Stochastics value for OI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.68 | POSITIVE | The high ADX value value for OI suggests a strong trend. |
OI Chart- and CandleStick Pattern Analysis
OI Technicals: Chart, Performance Metrics, Trend & Indicators
10.89
+0.48 (+4.61%)
O-I GLASS INC / OI TA FAQ
What is the ChartMill technical rating of O-I GLASS INC (OI) stock?
ChartMill assigns a technical rating of 1 / 10 to OI.
What is the trend direction for OI stock?
The current trend direction for O-I GLASS INC (OI) is Bearish.
What is the RSI signal for O-I GLASS INC (OI) stock?
O-I GLASS INC (OI) has an RSI value of 47.9211. This indicates that the stock is currently neutral.
What is the MACD signal for O-I GLASS INC (OI) stock?
The MACD indicator for O-I GLASS INC (OI) has a value of 0.159816, indicating a bearish trend.
Can you provide the support and resistance levels for O-I GLASS INC?
O-I GLASS INC (OI) has a support level at 10.04 and a resistance level at 10.9. Check the full technical report for our detailed analysis of OI support and resistance levels.