O-I GLASS INC (OI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OI - US67098H1041 - Common Stock
We assign a technical rating of 8 out of 10 to OI. In the last year, OI was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that OI is one of the better performing stocks in the market, outperforming 87% of all stocks.
- OI is one of the better performing stocks in the Containers & Packaging industry, it outperforms 80% of 22 stocks in the same industry.
- 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.
- OI has an average volume of 2260210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month OI has a been trading in the 14.47 - 16.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although OI has an excellent technical rating, it does not offer a high 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
11.50
3 important support areas can be observed.
- A support zone ranging from 14.32 to 14.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.67 from a horizontal line in the daily time frame.
- Support @11.62 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.51 to 15.92. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for OI is neutral. |
| ChartMill Relative Strength | 87.16 | POSITIVE | OI has a high relative strength, it outperformed 87.16% 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) | 47.78 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests OI has a negative trend. |
| Stochastics (14,3) | 49.5 | NEUTRAL | The Stochastics value for OI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.32 | POSITIVE | The high ADX value value for OI suggests a strong trend. |
14.88
-0.52 (-3.38%)
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 8 / 10 to OI.
What is the trend direction for OI stock?
The current trend direction for O-I GLASS INC (OI) is Bullish.
Can you provide the RSI signal for O-I GLASS INC?
O-I GLASS INC (OI) has an RSI value of 47.7778. This indicates that the stock is currently neutral.
Can you provide the MACD signal for O-I GLASS INC?
The MACD indicator for O-I GLASS INC (OI) has a value of -0.0794609, indicating a bearish trend.
Can you provide the short term momentum for O-I GLASS INC?
The short term momentum for O-I GLASS INC (OI) is neutral.