OLLIE'S BARGAIN OUTLET HOLDI (OLLI) Technical Analysis
NASDAQ:OLLI • US6811161099
Current stock price
OLLI Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to OLLI. OLLI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- OLLI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OLLI is lagging the market.
- OLLI has an average volume of 1131570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, OLLI turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- OLLI is part of the Broadline Retail industry. There are 30 other stocks in this industry, OLLI did better than 68% of them.
- In the last month OLLI has a been trading in the 98.19 - 116.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
OLLI Weekly and Daily overview Charts
OLLI Setup Rating and Analysis
Although the technical rating is bad, OLLI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 109.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 107.66, a Stop Loss order could be placed below this zone.
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OLLI Support and Resistance Analysis
100.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 106.17 to 107.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @101.45 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 109.52 to 112.37. 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.
OLLI 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 | DOWN | NEGATIVE | The long term trend for OLLI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OLLI is neutral. |
| ChartMill Relative Strength | 48.86 | 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 | NEGATIVE | The current price of OLLI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OLLI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.73 | NEUTRAL | The RSI value for OLLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests OLLI has a positive trend. |
| Stochastics (14,3) | 55.92 | NEUTRAL | The Stochastics value for OLLI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for OLLI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.45 | NEGATIVE | The low ADX value for OLLI suggests a weak or negative trend. |
OLLI Chart- and CandleStick Pattern Analysis
OLLI Technicals: Chart, Performance Metrics, Trend & Indicators
109.25
+4.38 (+4.18%)
OLLIE'S BARGAIN OUTLET HOLDI / OLLI TA 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 51.7303. 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 neutral.
What is the support and resistance level for OLLI stock?
OLLIE'S BARGAIN OUTLET HOLDI (OLLI) has a support level at 107.66 and a resistance level at 109.52. Check the full technical report for our detailed analysis of OLLI support and resistance levels.