O-I GLASS INC (OI)       23.035  +1.41 (+6.5%)

23.035  +1.41 (+6.5%)

US67098H1041 - Common Stock

Technical Rating

10

We assign a technical rating of 10 out of 10 to OI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OI is showing a nice and steady performance.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that OI is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by OI over the past year are nicely spread over this period.
OI is one of the better performing stocks in the Containers & Packaging industry, it outperforms 96% of 27 stocks in the same industry.
OI is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
In the last month OI has a been trading in the 16.84 - 22.34 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OI has an average volume of 1259200 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.

Statistics

1 Month 3 Months 6 Months 12 Months 30.62% 31.89% 61.66% 56.63% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.04 11.51 - 22.34
OI Weekly chart
OI Daily chart

Support/Resistance Analysis


11.93

23.27
We found 6 important support areas.
  • A support zone ranging from 18.87 to 19.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 18.00 to 18.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 17.28 to 17.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @16.20 from a horizontal line in the daily time frame.
  • Support @12.88 from a trend line in the weekly time frame.
  • Support @12.05 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

1

Although OI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.


OI Daily chart

O-I GLASS INC23.035

NYSE:OI (2/2/2023, 8:43:09 AM)+1.41 (+6.5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Containers & Packaging

Performance
Today 6.5% 1 Week 14.87%
2 Weeks 17.11% 1 Month 30.62%
3 Month 31.89% 6 Month 61.66%

Volatility
ATR(14) 0.68 ATR(20)% 3.78%
ATR Inc 238.55% Range Today 0.86

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 96.04 Mansfield 4.13
10 Day High 22.34 10 Day Low 18.28
20 Day High 22.34 20 Day Low 16.84
52 Week High 22.34 52 Week Low 11.51
CS1 End 19.16 CR1 Start N/A

Volume & EV
DER(3) -2.87% DER(5) -0.57%
Volume 241.41K Volume Incr 44.59%
Vol(5) 1.76M Vol(50) 1.26M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA