OI - Owens-Illinois Inc

Industry: Packaging & Containers Sector: Consumer Goods | Exchange: NYSE

Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -0.94%
PRICE $24.21





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Owens-Illinois Inc Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Hold candidate since 2017-09-20 Loss -0.94%

Owens-Illinois Inc fell by -0.94% in the last day from $24.44 to $24.21 The price has been going up and down for this period, and there has been a 0.88% gain for the last 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 -650 387 shares and in total 698 738 shares bought and sold for approximately $16.92 million.


Owens-Illinois Inc lies in the middle of a weak 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 2.22% during the next 3 months and, with 90% probability hold a price between $23.89 and $25.79 at the end of this period.


Owens-Illinois Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $24.52. On a fall, the stock will find some support from the long-term average at approximately $24.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Wednesday September 20, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

A sell signal from a double top formation was found on Thursday September 14, 2017 and based on theory for this formation the price should fall by -0.73% to $24.18 within 8 trading days since signal was issued (Tuesday September 26, 2017).

Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Support & Resistance

Owens-Illinois Inc finds support from accumulated volume at $24.14. On the upside the stock meets some resistance just above today's level from accumulated volume at $24.49, $24.72 and $24.78.

The stock is about to test the resistance from accumulated volume at $24.49 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $24.14 Price: $24.21 Resistance: $24.49
S: $24.14 Price: $24.21 R: $24.49


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.29 (1.20%) between high and low. For the last week, the stock has had a daily average volatility of 1.75%.

Our recommended stoploss: $23.09 (-4.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:



Owens-Illinois Inc 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.


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