OPTICAL CABLE CORP (OCC) Stock Technical Analysis
NASDAQ:OCC - Nasdaq - US6838272085 - Common Stock - Currency: USD
Taking everything into account, OCC scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month OCC has a been trading in the 4.17 - 6.30 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
OCC is part of the Communications Equipment industry. There are 51 other stocks in this industry. OCC outperforms 84% of them.
Looking at the yearly performance, OCC did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
OCC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OCC is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, OCC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 4.24, a Stop Loss order could be placed below this zone.
More info and screens
4.08
4.63
When analyzing the support we notice one important area.
- A support zone ranging from 4.12 to 4.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @4.58 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.91
Mansfield3.05
10 Day High5.19
10 Day Low4.17
20 Day High6.3
20 Day Low4.17
52 Week High7
52 Week Low2.02
Performance
1 Week-2.07%
2 Weeks-16.17%
1 Month-25.7%
3 Month77.67%
6 Month53.99%
12 Month57.99%
2 Year-1.77%
3 Year-6.59%
5 Year40.5%
10 Year-14.66%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)43.84
LBB3.92
UBB5.34
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 |
|---|---|---|---|
| 4.59 | 4.16 | 0.43 (9.37%) | 10.67% |
| An entry @4.59. This is a Buy Stop order right above the resistance zone. | An exit @4.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.43 points, which is 9.37%. | For a 1.00% total portfolio risk, you can invest 10.67% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OCC. 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.
NASDAQ:OCC (2/21/2025, 8:00:01 PM)
4.25
-0.15 (-3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.41%
1 Week-2.07%
2 Weeks-16.17%
1 Month-25.7%
3 Month77.67%
6 Month53.99%
12 Month57.99%
2 Year-1.77%
3 Year-6.59%
5 Year40.5%
10 Year-14.66%
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%13.81%
ATR Inc-50.98%
Range Today0.25
ADR(20)0.57
ADR(20)%13.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.91
Mansfield3.05
10 Day High5.19
10 Day Low4.17
20 Day High6.3
20 Day Low4.17
52 Week High7
52 Week Low2.02
CS1 End4.24
CR1 Start4.58
Volume & EV
DER(3)-1.75%
DER(5)-3.75%
Volume13.10K
Volume Incr-47.85%
Vol(5)43.56K
Vol(50)841.13K