OCEANEERING INTL INC (OII) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OII - US6752321025 - Common Stock
Overall OII gets a technical rating of 9 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- OII is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OII has a been trading in the 23.73 - 29.93 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, OII did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- OII is an average performer in the Energy Equipment & Services industry, it outperforms 60% of 61 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OII has an excellent technical rating, it does not present a decent entry opportunity 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
24.05
3 important support areas can be observed.
- A support zone ranging from 26.11 to 26.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.71 from a trend line in the weekly time frame.
- Support @24.29 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.17 to 29.17. 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 OII is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OII is up. |
| ChartMill Relative Strength | 82.41 | POSITIVE | OII has a high relative strength, it outperformed 82.41% 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) | 68.56 | NEUTRAL | The RSI value for OII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests OII has a positive trend. |
| Stochastics (14,3) | 87.97 | OVERBOUGHT | The high Stochastics value suggests OII may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for OII suggests some volalility. |
| Average Directional Index/ADX (14) | 31.7 | POSITIVE | The high ADX value value for OII suggests a strong trend. |
29.09
-0.08 (-0.27%)
OCEANEERING INTL INC / OII FAQ
What is the ChartMill technical rating of OCEANEERING INTL INC (OII) stock?
ChartMill assigns a technical rating of 9 / 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.
Can you provide the RSI signal for OCEANEERING INTL INC?
OCEANEERING INTL INC (OII) has an RSI value of 68.5606. This indicates that the stock is currently neutral.
What is the MACD signal for OCEANEERING INTL INC (OII) stock?
The MACD indicator for OCEANEERING INTL INC (OII) has a value of 0.276834, indicating a bearish trend.
What is the buy/sell signal for OII stock?
The buy/sell signal for OCEANEERING INTL INC (OII) is buy as both the short term and long term trends are positive.