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ODC - Oil-Dri Corporation Of America

Industry: Specialty Chemicals Sector: Basic Materials Exchange: NYSE

ODC - Oil-Dri Corporation Of America

Industry: Specialty Chemicals Sector: Basic Materials Exchange: NYSE
#4453()/6403

Fri 19'th Jan 2018

PERIOD 2017-10-20 - 2018-01-19
CHANGE 4.08%
PRICE $42.39
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Oil-Dri Corporation Of America Stock Analysis

Technical stock analysis for Fri 19'th Jan 2018

Shorts 4.39% ( 2017-12-29 )
Cash 111.2 mill
Loans 48.9 mill
Beta 1.13
ROA 5.81
Hold candidate since 2018-01-18 Gain 4.08%

Oil-Dri Corporation Of America gained 4.08% in the last trading day, rising from $40.73 to $42.39 The price has been going up and down for this period, and there has been a 5.32% gain for the last 2 weeks. Volume fell in the last day by -3 414 shares, and in total, 5 366 shares bought and sold for approximately $227 465. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

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Trend

Oil-Dri Corporation Of America lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.81% during the next 3 months and, with 90% probability hold a price between $37.58 and $43.42 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday January 18, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Oil-Dri Corporation Of America holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $42.63. On a fall, the stock will find some support from the short-term average at $41.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

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Support & Resistance

Oil-Dri Corporation Of America finds support from accumulated volume at $42.01. On the upside the stock meets some resistance just above today's level from accumulated volume at $42.76, $43.42 and $44.87.

The stock is about to test the resistance from accumulated volume at $42.76 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $42.01 Price: $42.39 Resistance: $42.76

Risk

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

Our recommended stoploss: $40.59 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.

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