OLLIE'S BARGAIN OUTLET HOLDI (OLLI) Stock Technical Analysis
USA - NASDAQ:OLLI - US6811161099 - Common Stock
132.4 USD
-1.25 (-0.94%)
133 USD
+0.6 (+0.45%)
Taking everything into account, OLLI scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OLLI is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, OLLI did better than 78% of all other stocks. We also observe that the gains produced by OLLI over the past year are nicely spread over this period.
OLLI 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 OLLI is lagging the market slightly.
OLLI has an average volume of 1023700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OLLI is part of the Broadline Retail industry. There are 28 other stocks in this industry, OLLI did better than 48% of them.
In the last month OLLI has a been trading in the 124.63 - 139.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, OLLI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 132.09, a Stop Loss order could be placed below this zone.
More info and screens
121.90
142.22
We found 3 important support areas.
- A support zone ranging from 130.68 to 132.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 126.29 to 126.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 123.13 to 123.24. 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 132.58 to 134.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @138.05 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 140.80 to 140.81. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for OLLI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OLLI is neutral. |
| ChartMill Relative Strength | 78.89 | POSITIVE | OLLI has a high relative strength, it outperformed 78.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OLLI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OLLI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OLLI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.41 | NEUTRAL | The RSI value for OLLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests OLLI has a negative trend. |
| Stochastics (14,3) | 56.16 | NEUTRAL | The Stochastics value for OLLI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for OLLI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for OLLI suggests a possible start of a new 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 |
|---|---|---|---|
| 134.95 | 130.67 | 4.28 (3.17%) | 25.00% |
| An entry @134.95. This is a Buy Stop order right above the resistance zone. | An exit @130.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.28 points, which is 3.17%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of OLLI. 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.
132.4
-1.25 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.94%
1 Week-3.7%
2 Weeks0.66%
1 Month0.77%
3 Month-0.3%
6 Month16.92%
12 Month36.52%
2 Year71.55%
3 Year156.59%
5 Year51.57%
10 Year718.8%
15 YearN/A
Volatility
ATR(14)4
ATR(20)%3.09%
ATR Inc-30.98%
Range Today2.54
ADR(20)3.89
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.89
Mansfield0.53
10 Day High139.21
10 Day Low130.51
20 Day High139.21
20 Day Low124.63
52 Week High141.74
52 Week Low86.88
CS1 End132.09
CR1 Start132.58
Volume & EV
DER(3)1.88%
DER(5)1.5%
Volume1.03M
Volume Incr-30.52%
Vol(5)897.62K
Vol(50)1.02M