The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Owens-Illinois Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelPrice is close to the 50 Day Moving Average
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It was a first positive week for the Owens-Illinois Inc. (OI). During the week, the OI climbed 0.13 points, or 0.74%, and closed at 17.80 on Friday, September 07, 2018. Weekly volume was -40% below average.

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 resistance line (15.03) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.

Medium-term trend: [See OI medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 16.22 and reached 19.07 on July 24, 2018. OI gained -2.85 points, or -17.57%, in 3 weeks. The price is now at the 44.56% retracement level.

Weekly Technical Indicators: [See OI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See OI short-term trend chart]
A short-term downtrend had started on August 28, 2018 at 18.70 and reached 17.27 on September 4, 2018. OI lost 1.43 points, or 7.65%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since August 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.24
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 31.50
Greed/Fear Indicator (GFI) 46.10
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.90
Williams' Percentage Range (W%R) 71.40
Lane's Stochastic (%D-Slow) 59.31
Greed/Fear Indicator (GFI) 45.52
Moving Average Converg./Diverg. (MACD) -1.12
Trading Signals
Description Value Chart
Parabolic System 18.63
Upper Bollinger Band 18.55
Weekly Stochastic Crossing 17.81
Price 17.80
20 Day Moving Average 17.79
Daily Stochastic Crossing 17.78
50 Day Moving Average 17.64
Lower Bollinger Band 17.20
Quarterly Trendline Resistance 17.10
Quarterly Trendline Support 15.03
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Packaging & Containers 67
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 18.70
High Date 08/28/2018
Low 17.27
Low Date 09/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.09
Low Date 08/15/2018
High 18.70
High Date 08/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.22
Low Date 06/28/2018
High 19.07
High Date 07/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 17.10
Support 15.03
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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