The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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Owens-Illinois Inc.
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Summary:
Weekly :Broken trend support lineRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldTrend resistance at 16.87
Daily :The price has fallen below the Parabolic SARDaily  MACD line has moved above its signal line
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It was a first positive week after 5 consecutive negative weeks for the Owens-Illinois Inc. (OI). During the week, the OI climbed 0.06 points, or 0.36%, and closed at 16.87 on Friday, July 06, 2018. It was the best weekly gain since May 25, 2018. OI was trading at average weekly trading volume.

Long-term trend: [See OI long-term trend chart]
A long-term downtrend had started on October 11, 2017 at 25.90 and reached 16.22 on June 28, 2018. OI lost 9.68 points, or 37.37%, in 37 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (17.11) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See OI medium-term trend chart]
A medium-term downtrend had started on May 25, 2018 at 19.24 and reached 16.22 on June 28, 2018. OI lost 3.02 points, or 15.70%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (16.87). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See OI weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 18, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See OI short-term trend chart]
A short-term uptrend had started on July 2, 2018 at 16.37 and reached 16.99 on July 3, 2018. OI gained -0.62 points, or -3.79%, in 1 days. The price is now at the 19.35% retracement level.

Daily Technical Indicators: [See OI daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.63
Williams' Percentage Range (W%R) 75.30
Lane's Stochastic (%D-Slow) 52.22
Greed/Fear Indicator (GFI) 36.85
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.50
Oversold
Williams' Percentage Range (W%R) 91.70
Strong Oversold
Lane's Stochastic (%D-Slow) 8.68
Strong Oversold
Greed/Fear Indicator (GFI) 16.31
Oversold
Moving Average Converg./Diverg. (MACD) -1.07
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 19.09
Upper Bollinger Band 18.66
50 Day Moving Average 18.36
20 Day Moving Average 17.31
Quarterly Trendline Support 17.11
Parabolic System 17.00
Weekly Trendline Resistance 16.87
Price 16.87
Daily Stochastic Crossing 16.73
Weekly Stochastic Crossing 16.47
Lower Bollinger Band 15.95
Weekly Trendline Support 15.83
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Packaging & Containers 12
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.37
Low Date 07/02/2018
High 16.99
High Date 07/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 16.87
Support 15.83
High 19.24
High Date 05/25/2018
Low 16.22
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.45
High Date 03/13/2018
Low 16.22
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 19.09
Support 17.11
High 25.90
High Date 10/11/2017
Low 16.22
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 02/03/2016
High 25.90
High Date 10/11/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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