USA • New York Stock Exchange • NYSE:OI • US67098H1041
We assign a technical rating of 9 out of 10 to OI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although OI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
11.59
We found 3 important support areas.
2 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The short term trend for OI is neutral. |
| ChartMill Relative Strength | 83.81 | POSITIVE | OI has a high relative strength, it outperformed 83.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OI is below a declining 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) | 49.55 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.95 | NEUTRAL | The Stochastics value for OI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for OI suggests a possible start of a new trend. |
15.58
-0.81 (-4.94%)
ChartMill assigns a technical rating of 9 / 10 to OI.
The current trend direction for O-I GLASS INC (OI) is Bullish.
O-I GLASS INC (OI) has an RSI value of 49.5549. This indicates that the stock is currently neutral.
The MACD indicator for O-I GLASS INC (OI) has a value of 0.0127733, indicating a bearish trend.
The short term momentum for O-I GLASS INC (OI) is neutral.