OLLIE'S BARGAIN OUTLET HOLDI (OLLI) Stock Technical Analysis
NASDAQ:OLLI • US6811161099
We assign a technical rating of 1 out of 10 to OLLI. OLLI'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.
- 69% of all other stocks performed better in the past year than OLLI.
- OLLI has an average volume of 1239150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- OLLI is an average performer in the Broadline Retail industry, it outperforms 62% of 30 stocks in the same industry.
- OLLI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OLLI is lagging the market.
- In the last month OLLI has a been trading in the 104.66 - 119.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
OLLI has a bad 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 a resistance zone just above the current price starting at 114.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 112.97, a Stop Loss order could be placed below this zone.
More info and screens
105.11
We found 2 important support areas.
- A support zone ranging from 109.91 to 112.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 106.17 to 107.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 114.04 to 115.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @119.51 from a horizontal line in the daily time frame.
- Resistance @124.67 from a horizontal 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 OLLI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLLI is up. |
| ChartMill Relative Strength | 31.29 | NEUTRAL | OLLI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OLLI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OLLI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OLLI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for OLLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests OLLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.85 | OVERBOUGHT | The high Stochastics value suggests OLLI may be overbought. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for OLLI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for OLLI suggests a weak or negative trend. |
113.7
-1.39 (-1.21%)
OLLIE'S BARGAIN OUTLET HOLDI / OLLI FAQ
What is the technical rating for OLLI stock?
ChartMill assigns a technical rating of 1 / 10 to OLLI.
What is the trend direction for OLLI stock?
The current trend direction for OLLIE'S BARGAIN OUTLET HOLDI (OLLI) is Bearish.
What is the RSI signal for OLLIE'S BARGAIN OUTLET HOLDI (OLLI) stock?
OLLIE'S BARGAIN OUTLET HOLDI (OLLI) has an RSI value of 52.4689. This indicates that the stock is currently neutral.
What is the short term momentum for OLLI stock?
The short term momentum for OLLIE'S BARGAIN OUTLET HOLDI (OLLI) is positive.
What is the support and resistance level for OLLI stock?
OLLIE'S BARGAIN OUTLET HOLDI (OLLI) has a support level at 112.97 and a resistance level at 114.04. Check the full technical report for our detailed analysis of OLLI support and resistance levels.