O-I GLASS INC (OI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OI - US67098H1041 - Common Stock
We assign a technical rating of 5 out of 10 to OI. OI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, OI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.14, a Stop Loss order could be placed below this zone.
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11.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.81 to 13.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.28 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 13.21 to 13.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.78 from a horizontal line in the daily time frame.
- Resistance @15.22 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 | 51.69 | 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) | 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) | 58.09 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OI has a positive trend. |
| Stochastics (14,3) | 61.78 | NEUTRAL | The Stochastics value for OI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.61 | NEUTRAL | The ADX value for OI suggests a possible start of a new trend. |
13.2
+0.49 (+3.86%)
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 5 / 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 58.0944. 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 0.0349733, 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.