O-I GLASS INC (OI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OI - US67098H1041 - Common Stock
Overall OI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, OI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, OI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.64, a Stop Loss order could be placed below this zone.
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11.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.50 to 14.64. 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 @11.73 from a trend line in the daily time frame.
- Support @11.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.68 to 15.81. This zone is formed by a combination of multiple trend lines 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 | 88.43 | POSITIVE | OI has a high relative strength, it outperformed 88.43% 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) | 61.03 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests OI has a negative trend. |
| Stochastics (14,3) | 58.06 | NEUTRAL | The Stochastics value for OI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 40.09 | 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 |
|---|---|---|---|
| 15.07 | 14.49 | 0.58 (3.87%) | 25.00% |
| An entry @15.07. This is a Buy Stop order right above the 10 day moving average. | An exit @14.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.58 points, which is 3.87%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OI. Please evaluate whether better entry and exit points can be found.
- 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.
14.94
-0.03 (-0.2%)
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 current trend direction of O-I GLASS INC (OI) stock?
The current trend direction for O-I GLASS INC (OI) is Bullish.
What is the RSI signal for OI stock?
O-I GLASS INC (OI) has an RSI value of 61.0302. 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 -0.0512245, 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.