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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that OII is one of the better performing stocks in the market, outperforming 91% 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 1312360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OII is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, OII did better than 49% of them.
- In the last month OII has a been trading in the 34.72 - 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
Besides having an excellent technical rating, OII also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.82. Right above this resistance zone may be a good entry point.
More info and screens
OII Support and Resistance Analysis
24.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 36.13 to 36.15. 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 @27.10 from a trend line in the weekly time frame.
- Support @25.12 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.82 to 38.83. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for OII is neutral. |
| ChartMill Relative Strength | 91.46 | POSITIVE | OII has a high relative strength, it outperformed 91.46% 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) | 51.91 | NEUTRAL | The RSI value for OII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests OII has a negative trend. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for OII is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for OII suggests high volalility. |
| Average Directional Index/ADX (14) | 10.41 | 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 | 36.12 | 2.72 (7.00%) | 14.28% |
| An entry @38.84. This is a Buy Stop order right above the resistance zone. | An exit @36.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.72 points, which is 7.00%. | When investing 14.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
37.07
-0.47 (-1.25%)
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 51.905. 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 neutral.
What are the support and resistance levels for OCEANEERING INTL INC (OII) stock?
OCEANEERING INTL INC (OII) has a support level at 36.15 and a resistance level at 38.82. Check the full technical report for our detailed analysis of OII support and resistance levels.