O-I GLASS INC (OI) Stock Technical Analysis
USA - NYSE:OI - US67098H1041 - Common Stock
11.62 USD
+0.19 (+1.66%)
11.62 USD
0 (0%)
We assign a technical rating of 0 out of 10 to OI. OI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than OI.
OI is one of the lesser performing stocks in the Containers & Packaging industry. 61% of 22 stocks in the same industry do better.
In the last month OI has a been trading in the 11.20 - 13.44 range, which is quite wide. It is currently trading near the lows of this range.
OI has an average volume of 1370990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OI is lagging the market.
The technical rating of OI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.50
15.49
3 important resistance areas can be observed.
- A resistance zone ranging from 12.64 to 12.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.16 to 13.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.34 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 | DOWN | NEGATIVE | The long term trend for OI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OI is down. |
| ChartMill Relative Strength | 15.06 | NEGATIVE | OI has a low relative strength, it was outperformed by 84.94% 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) | DOWN | NEGATIVE | The current price of OI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.8 | NEUTRAL | The RSI value for OI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests OI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.23 | OVERSOLD | The low Stochastics value suggests OI may be oversold. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for OI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.16 | 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)
11.62
+0.19 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg1.66%
1 Week-4.13%
2 Weeks-10.41%
1 Month-9.15%
3 Month-18.91%
6 Month6.12%
12 Month-11.84%
2 Year-24.79%
3 Year-28.76%
5 Year23.22%
10 Year-46.08%
15 Year-58.54%
Volatility
ATR(14)0.43
ATR(20)%3.6%
ATR Inc15.88%
Range Today0.5
ADR(20)0.41
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.06
Mansfield-1.5
10 Day High13.35
10 Day Low11.2
20 Day High13.44
20 Day Low11.2
52 Week High16.04
52 Week Low9.23
CS1 EndN/A
CR1 Start12.64
Volume & EV
DER(3)1.12%
DER(5)1.06%
Volume1.32M
Volume Incr4.17%
Vol(5)1.40M
Vol(50)1.37M