O-I GLASS INC (OI) Stock Technical Analysis
USA - NYSE:OI - US67098H1041 - Common Stock
Taking everything into account, OI scores 3 out of 10 in our technical rating. In the past year, OI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of OI is bad and it also does not present a quality setup 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.
More info and screens
11.17
When analyzing the support we notice one important area.
- A support zone ranging from 11.28 to 11.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.41 to 13.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @15.27 from a trend line in the weekly time frame.
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 OI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OI is up. |
| ChartMill Relative Strength | 36.45 | NEUTRAL | OI is not amongst the best or worst performers 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 | MIXED | The current price of OI is above a declining 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) | 56.47 | 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) | 74.94 | NEUTRAL | The Stochastics value for OI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.35 | NEUTRAL | The ADX value for OI suggests a possible start of a new trend. |
12.88
-0.32 (-2.42%)
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 3 / 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 Bearish.
What is the RSI signal for OI stock?
O-I GLASS INC (OI) has an RSI value of 56.4688. 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 0.161725, 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.