OII - Oceaneering International Inc

Industry: Oil & Gas Equipment & Services Sector: Basic Materials | Exchange: NYSE

Hold/Accumulate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -2.75%
PRICE $25.80
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
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Oceaneering International Inc Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Hold candidate since 2017-09-20 Loss -2.75%

Oceaneering International Inc fell by -2.75% in the last day from $26.53 to $25.80 The price has risen in 7 of the last 10 days and is up by 5.61% over the past 2 weeks. Volume has increased in the last day by 0.32 million shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.34 million shares bought and sold for approximately $34.53 million.

Trend

Oceaneering International Inc lies in the middle of a wide and 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 9.29% during the next 3 months and, with 90% probability hold a price between $25.13 and $29.78 at the end of this period.

Signals

There are mixed signals in the stock today. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Oceaneering International 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 $26.00. On a fall, the stock will find some support from the long-term average at approximately $24.01. 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.

Relative Strength Index (RSI)

The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

Oceaneering International Inc finds support from accumulated volume at $25.48. On the upside the stock meets some resistance just above today's level from accumulated volume at $25.96, $26.04 and $26.53.

The stock is about to test the resistance from accumulated volume at $25.96 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $25.48 Price: $25.8 Resistance: $25.96
S: $25.48 Price: $25.8 R: $25.96

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.87 between high and low, or 3.40%. For the last week, the stock has had a daily average volatility of 2.30%.

Our recommended stoploss: $24.47 (-5.17%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Oceaneering International 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.

Hold/Accumulate

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