O-I GLASS INC (OI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OI - US67098H1041 - Common Stock
15.45 USD
+0.48 (+3.21%)
15.45 USD
0 (0%)
Overall OI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, OI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, OI did better than 87% of all other stocks. On top of that, OI also shows a nice and consistent pattern of rising prices.
OI is part of the Containers & Packaging industry. There are 22 other stocks in this industry. OI outperforms 90% of them.
OI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OI is lagging the market slightly.
In the last month OI has a been trading in the 12.51 - 15.52 range, which is quite wide. It is currently trading near the high of this range.
OI has an average volume of 1981370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.35
15.60
We found 3 important support areas.
- A support zone ranging from 13.30 to 13.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.67 to 12.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.46 to 11.63. 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 | UP | POSITIVE | The long term trend for OI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OI is up. |
| ChartMill Relative Strength | 87.94 | POSITIVE | OI has a high relative strength, it outperformed 87.94% 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) | UP | POSITIVE | The current price of OI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.63 | OVERBOUGHT | The high RSI value suggests OI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests OI has a positive trend. |
| Stochastics (14,3) | 96.63 | OVERBOUGHT | The high Stochastics value suggests OI may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 42.71 | POSITIVE | The high ADX value value for OI 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)
15.45
+0.48 (+3.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg3.21%
1 Week7.14%
2 Weeks14.61%
1 Month16.25%
3 Month19.58%
6 Month13.94%
12 Month35.53%
2 Year-5.68%
3 Year-6.76%
5 Year29.83%
10 Year-11.31%
15 Year-49.67%
Volatility
ATR(14)0.51
ATR(20)%3.22%
ATR Inc-24.68%
Range Today0.54
ADR(20)0.48
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.94
3 months CRS88.82
6 months CRS69
Mansfield1.05
10 Day High15.52
10 Day Low13.01
20 Day High15.52
20 Day Low12.51
52 Week High16.04
52 Week Low9.23
CS1 End13.74
CR1 StartN/A
Volume & EV
DER(3)2.99%
DER(5)2.45%
Volume2.98M
Volume Incr-1.95%
Vol(5)2.19M
Vol(50)1.98M
O-I GLASS INC / OI FAQ
What is the ChartMill technical rating of O-I GLASS INC (OI) stock?
ChartMill assigns a technical rating of 10 / 10 to OI.
What is the current trend direction of O-I GLASS INC (OI) stock?
The current trend direction for O-I GLASS INC (OI) is Bullish.
What is the RSI signal for OI stock?
O-I GLASS INC (OI) has an RSI value of 73.626. This indicates that the stock is currently overbought.
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 0.175517, indicating a bearish trend.
What is the short term momentum for OI stock?
The short term momentum for O-I GLASS INC (OI) is positive.