O-I GLASS INC.
1,970
USD
(+0.00%)
03/28/2025 - 16:35
Closed 15 min delayed data - NYSE Stocks
| Open: | 1,910 |
| Change: | 0 |
| Volume: | 2,051 |
| Low: | 1,900 |
| High: | 2,000 |
| High / Low range: | 100 |
| Type: | Stocks |
| Ticker: | OI |
| ISIN: |
O-I GLASS INC. - Daily - Technical analysis published on 12/17/2019 (GMT)
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- 12/17/2019 - 13:07
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- Timeframe : Daily
- - Analysis generated on 12/17/2019 - 13:05
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 10.90 USD
My targets
12.14 USD (+9.01%)
12.65 USD (+13.55%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OWENS-ILLINOIS INC. as long as the price remains well above 10.90 USD. The buyers” bullish objective is set at 12.14 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.65 USD. If there is any crossing, the next objective would be the resistance located at 14.09 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OWENS-ILLINOIS INC. price is 11.14 USD. On the day, this instrument gained +0.36% with the lowest point at 11.10 USD and the highest point at 11.52 USD. The deviation from the price is +0.36% for the low point and -3.30% for the high point.11.10
11.52
11.14
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this OWENS-ILLINOIS INC. chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.73 | 10.90 | 11.14 | 14.09 | 15.72 | 17.70 |
| Change (%) | -12.66% | -2.15% | - | +26.48% | +41.11% | +58.89% |
| Change | -1.41 | -0.24 | - | +2.95 | +4.58 | +6.56 |
| Level | Major | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.62 | 10.81 | 10.96 | 11.15 | 11.30 | 11.49 | 11.64 |
| Camarilla | 11.01 | 11.04 | 11.07 | 11.10 | 11.13 | 11.16 | 11.19 |
| Woodie | 10.59 | 10.80 | 10.93 | 11.14 | 11.27 | 11.48 | 11.61 |
| Fibonacci | 10.81 | 10.94 | 11.02 | 11.15 | 11.28 | 11.36 | 11.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.35 | 9.80 | 10.45 | 10.90 | 11.55 | 12.00 | 12.65 |
| Camarilla | 10.80 | 10.90 | 11.00 | 11.10 | 11.20 | 11.30 | 11.40 |
| Woodie | 9.45 | 9.85 | 10.55 | 10.95 | 11.65 | 12.05 | 12.75 |
| Fibonacci | 9.80 | 10.22 | 10.48 | 10.90 | 11.32 | 11.58 | 12.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.13 | 7.73 | 8.80 | 9.40 | 10.47 | 11.07 | 12.14 |
| Camarilla | 9.41 | 9.56 | 9.72 | 9.87 | 10.02 | 10.18 | 10.33 |
| Woodie | 7.36 | 7.84 | 9.03 | 9.52 | 10.71 | 11.19 | 12.38 |
| Fibonacci | 7.73 | 8.37 | 8.76 | 9.40 | 10.04 | 10.43 | 11.07 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.96 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | 28.41 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 10.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.55 | |
| Elder Ray (13): | 0.84 | |
| Super Trend (3,10): | 10.23 | |
| Zig ZAG (10): | 11.14 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 88.58 | |
| TEMA (21): | 11.11 | |
| Williams %R (14): | -17.72 | |
| Chande Momentum Oscillator (20): | 1.48 | |
| Repulse (5,40,3): | -1.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 30.28 |
| MA7: | 10.79 | |
| MA20: | 9.98 | |
| MA50: | 9.62 | |
| MA100: | 10.30 | |
| MAexp7: | 10.81 | |
| MAexp20: | 10.21 | |
| MAexp50: | 10.04 | |
| MAexp100: | 10.97 | |
| Price / MA7: | +3.24% | |
| Price / MA20: | +11.62% | |
| Price / MA50: | +15.80% | |
| Price / MA100: | +8.16% | |
| Price / MAexp7: | +3.05% | |
| Price / MAexp20: | +9.11% | |
| Price / MAexp50: | +10.96% | |
| Price / MAexp100: | +1.55% |
News
Don"t forget to follow the news on OWENS-ILLINOIS INC.. At the time of publication of this analysis, the latest news was as follows:
- 02/07/2018 - 06:45 Owens-Illinois, Inc. to Host Earnings Call
- 10/24/2017 - 06:25 Owens-Illinois, Inc. to Host Earnings Call
-
02/11/2017 - 05:59
Owens-Illinois
-
05/13/2015 - 22:19
Shares of Owens-Illinois Spike After Announcing Acquisition of Vitro
-
03/21/2012 - 14:00
Cramer Interviews Owens-Illinois CEO
This member declared not having a position on this financial instrument or a related financial instrument.
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