O-I GLASS INC (OI) 23.035 +1.41 (+6.5%)
23.035 +1.41 (+6.5%)
US67098H1041 - Common Stock
Technical Rating
We assign a technical rating of 10 out of 10 to OI. 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.
When comparing the yearly performance of all stocks, we notice that OI is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by OI over the past year are nicely spread over this period.
OI is one of the better performing stocks in the Containers & Packaging industry, it outperforms 96% of 27 stocks in the same industry.
OI is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
In the last month OI has a been trading in the 16.84 - 22.34 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OI has an average volume of 1259200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Statistics
Support/Resistance Analysis
11.93
23.27
We found 6 important support areas.
- A support zone ranging from 18.87 to 19.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.00 to 18.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.28 to 17.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.20 from a horizontal line in the daily time frame.
- Support @12.88 from a trend line in the weekly time frame.
- Support @12.05 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
Although OI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
O-I GLASS INC23.035
NYSE:OI (2/2/2023, 8:43:09 AM)+1.41 (+6.5%)
| GICS Sector | Materials | ||
| GICS Industry | Containers & Packaging | ||
| Today | 6.5% | 1 Week | 14.87% |
| 2 Weeks | 17.11% | 1 Month | 30.62% |
| 3 Month | 31.89% | 6 Month | 61.66% |
| ATR(14) | 0.68 | ATR(20)% | 3.78% |
| ATR Inc | 238.55% | Range Today | 0.86 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 96.04 | Mansfield | 4.13 |
| 10 Day High | 22.34 | 10 Day Low | 18.28 |
| 20 Day High | 22.34 | 20 Day Low | 16.84 |
| 52 Week High | 22.34 | 52 Week Low | 11.51 |
| CS1 End | 19.16 | CR1 Start | N/A |
| DER(3) | -2.87% | DER(5) | -0.57% |
| Volume | 241.41K | Volume Incr | 44.59% |
| Vol(5) | 1.76M | Vol(50) | 1.26M |
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