O-I GLASS INC (OI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OI - US67098H1041 - Common Stock
Taking everything into account, OI scores 10 out of 10 in our technical rating. 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.
- Looking at the yearly performance, OI did better than 89% of all other stocks.
- OI is part of the Containers & Packaging industry. There are 22 other stocks in this industry. OI outperforms 90% of them.
- OI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OI has a been trading in the 14.47 - 16.04 range, which is quite wide. It is currently trading near the high of this range.
- OI has an average volume of 2331910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.65, a Stop Loss order could be placed below this zone.
More info and screens
11.48
4 important support areas can be observed.
- A support zone ranging from 14.64 to 14.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.67 from a horizontal line in the daily time frame.
- Support @11.90 from a trend line in the daily time frame.
- Support @11.60 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.55 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 | UP | POSITIVE | The short term trend for OI is up. |
| ChartMill Relative Strength | 89.48 | POSITIVE | OI has a high relative strength, it outperformed 89.48% off all stocks 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) | 55.95 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OI has a negative trend. |
| Stochastics (14,3) | 75.12 | NEUTRAL | The Stochastics value for OI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.18 | POSITIVE | The high ADX value value for OI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.93 | 14.94 | 0.99 (6.21%) | 16.09% |
| An entry @15.93. This is a Buy Stop order right above the resistance zone. | An exit @14.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.99 points, which is 6.21%. | When investing 16.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.4
-0.41 (-2.59%)
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 10 / 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 55.9548. 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 -0.0246947, 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 positive.