ODC - Oil-Dri Corporation Of America

Industry: Specialty Chemicals Sector: Basic Materials | Exchange: NYSE

Hold/Accumulate
Buy Score Rank #2923 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
-0.78%
PRICE
$43.02
VOLUME
Sell
TREND

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

BOLLINGER
Buy
Request Prediction
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Oil-Dri Corporation Of America Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Hold candidate since 2017-07-25 Loss -0.78%

Oil-Dri Corporation Of America fell by -0.78% in the last day from $43.36 to $43.02 The price has risen in 7 of the last 10 days and is up by 3.91% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3 782 shares and in total 3 814 shares bought and sold for approximately $164 078.

Trend

Oil-Dri Corporation Of America lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.41% during the next 3 months and, with 90% probability hold a price between $43.01 and $52.55 at the end of this period.

Signals

Oil-Dri Corporation Of America holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $42.93 and $41.17. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday July 21, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $40.62 and $39.84. On the upside the stock meets some resistance just above today's level from accumulated volume at $43.36, $43.06 and $43.58.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Oil-Dri Corporation Of America finds support just below today's level at $40.62. If this is broken, then the next support from accumulated volume will be at $39.84 and $35.39. The stock is about to test the resistance from accumulated volume at $43.36 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $40.62 Price: $43.02 Resistance: $43.36
S: $40.62 Price: $43.02 R: $43.36

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $41.04 (-4.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Oil-Dri Corporation Of America holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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