O-I GLASS INC (OI) Stock Technical Analysis
NYSE:OI - New York Stock Exchange, Inc. - US67098H1041 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to OI. OI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month OI has a been trading in the 12.70 - 14.34 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
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!
OI is one of the better performing stocks in the Containers & Packaging industry, it outperforms 85% of 22 stocks in the same industry.
OI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OI is performing more or less in line with the market.
OI has an average volume of 1395130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that OI is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
OI has only a medium technical rating, but it does show 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 12.94, a Stop Loss order could be placed below this zone.
More info and screens
10.71
14.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.88 to 13.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.82 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.22 to 13.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.79 to 13.89. This zone is formed by a combination of multiple trend lines in the daily 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 | 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 | 74.99 | POSITIVE | OI has a high relative strength, it outperformed 74.99% 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) | 50.37 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests OI has a negative trend. |
| Stochastics (14,3) | 13.28 | OVERSOLD | The low Stochastics value suggests OI may be oversold. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.68 | NEUTRAL | The ADX value for OI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 13.46 | 12.87 | 0.59 (4.38%) | 22.81% |
| An entry @13.46. This is a Buy Stop order right above the resistance zone. | An exit @12.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.59 points, which is 4.38%. | When investing 22.81% 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.
NYSE:OI (6/4/2025, 3:43:09 PM)
13.095
+0.15 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg1.12%
1 Week-3.43%
2 Weeks-4.22%
1 Month-2.26%
3 Month9.65%
6 Month9.28%
12 Month9.1%
2 Year-39.29%
3 Year-7.5%
5 Year44.21%
10 Year-43.55%
15 Year-51.04%
Volatility
ATR(14)0.35
ATR(20)%2.97%
ATR Inc6.88%
Range Today0.4
ADR(20)0.36
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.99
Mansfield0.41
10 Day High13.97
10 Day Low12.7
20 Day High14.34
20 Day Low12.7
52 Week High14.34
52 Week Low9.23
CS1 End12.94
CR1 Start13.02
Volume & EV
DER(3)1.69%
DER(5)0.31%
Volume718.60K
Volume Incr-24.1%
Vol(5)1.04M
Vol(50)1.40M