OCEANEERING INTL INC (OII) Stock Technical Analysis
NYSE:OII - New York Stock Exchange, Inc. - US6752321025 - Common Stock - Currency: USD
Taking everything into account, OII scores 6 out of 10 in our technical rating. In the past year, OII was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OII has a been trading in the 19.69 - 22.09 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When compared to the yearly performance of all other stocks, OII outperforms 44% of them, which is more or less in line with the market.
OII is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, OII did better than 61% of them.
OII is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OII is lagging the market.
OII has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 21.29, a Stop Loss order could be placed below this zone.
More info and screens
18.80
22.78
3 important support areas can be observed.
- A support zone ranging from 20.89 to 21.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.39 to 20.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @21.42 from a horizontal line in the weekly time frame.
- Resistance @21.89 from a horizontal line in the daily time frame.
- Resistance @22.55 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for OII is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OII is up. |
| ChartMill Relative Strength | 44.42 | NEUTRAL | OII is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OII is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OII is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OII is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.3 | NEUTRAL | The RSI value for OII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OII has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.12 | NEUTRAL | The Stochastics value for OII is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for OII suggests some volalility. |
| Average Directional Index/ADX (14) | 27.82 | POSITIVE | The high ADX value value for OII suggests a strong 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 |
|---|---|---|---|
| 21.43 | 20.88 | 0.55 (2.57%) | 25.00% |
| An entry @21.43. This is a Buy Stop order right above the resistance zone. | An exit @20.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 2.57%. | For a 0.64% 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 OII. 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.
21.29
-0.18 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.84%
1 Week2.11%
2 Weeks-1.25%
1 Month7.74%
3 Month24.21%
6 Month-22.36%
12 Month-10.66%
2 Year-5.17%
3 Year100.47%
5 Year278.83%
10 Year-46.8%
15 Year-56.97%
Volatility
ATR(14)0.65
ATR(20)%3.18%
ATR Inc-41.28%
Range Today0.3
ADR(20)0.66
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.42
Mansfield-1.75
10 Day High21.72
10 Day Low20.28
20 Day High22.09
20 Day Low19.69
52 Week High30.98
52 Week Low15.46
CS1 End21.29
CR1 Start21.42
Volume & EV
DER(3)2.81%
DER(5)1.77%
Volume272.60K
Volume Incr31.39%
Vol(5)985.00K
Vol(50)789.39K