OCEANEERING INTL INC (OII) Technical Analysis
NYSE:OII • US6752321025
Current stock price
OII Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to OII. Both in the recent history as in the last year, OII has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that OII is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by OII over the past year are nicely spread over this period.
- OII is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OII is lagging the market slightly.
- OII has an average volume of 1373070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OII is an average performer in the Energy Equipment & Services industry, it outperforms 59% of 62 stocks in the same industry.
- In the last month OII has a been trading in the 33.64 - 40.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OII Weekly and Daily overview Charts
OII Setup Rating and Analysis
OII has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 37.21, a Stop Loss order could be placed below this zone.
More info and screens
OII Support and Resistance Analysis
26.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 36.56 to 37.21. 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 35.71 to 35.77. 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 33.27 to 33.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @38.83 from a horizontal line in the daily time frame.
OII Technical Indicator Signal Analysis
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 OII is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OII is up. |
| ChartMill Relative Strength | 93 | POSITIVE | OII has a high relative strength, it outperformed 93% off all stocks 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) | UP | POSITIVE | The current price of OII is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.63 | NEUTRAL | The RSI value for OII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OII has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.06 | NEUTRAL | The Stochastics value for OII is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for OII suggests some volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for OII suggests a weak or negative trend. |
OII Chart- and CandleStick Pattern Analysis
OII Example Setup
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 |
|---|---|---|---|
| 38.84 | 36.55 | 2.29 (5.90%) | 16.96% |
| An entry @38.84. This is a Buy Stop order right above the resistance zone. | An exit @36.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.29 points, which is 5.90%. | For a 1.00% total portfolio risk, you can invest 16.96% 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.
OII Technicals: Chart, Performance Metrics, Trend & Indicators
37.35
-0.66 (-1.74%)
OCEANEERING INTL INC / OII TA FAQ
What is the ChartMill technical rating of OCEANEERING INTL INC (OII) stock?
ChartMill assigns a technical rating of 10 / 10 to OII.
What is the current trend direction of OCEANEERING INTL INC (OII) stock?
The current trend direction for OCEANEERING INTL INC (OII) is Bullish.
What is the RSI signal for OII stock?
OCEANEERING INTL INC (OII) has an RSI value of 54.6281. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OCEANEERING INTL INC?
The short term momentum for OCEANEERING INTL INC (OII) is positive.
What are the support and resistance levels for OCEANEERING INTL INC (OII) stock?
OCEANEERING INTL INC (OII) has a support level at 37.21 and a resistance level at 38.83. Check the full technical report for our detailed analysis of OII support and resistance levels.