Sell Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
-1.15%
PRICE
$26.54
VOLUME
Buy
TREND
Sell
MV LONG
Buy
MV SHORT
Buy
PIVOT
Sell
MACD
Buy
Request Prediction
0.00%
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Oceaneering International Inc Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Sell candidate since 2017-05-23

Oceaneering International Inc fell by -1.15% in the last day, from USD 26.85 to USD 26.54 , and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 2.16% over the past 2 weeks. Volume has increased in the last day by 0.19 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, 1.05 million shares bought and sold for approximately USD 27.74 million.

Trend

Oceaneering International Inc lies in the middle of a wide and weak 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 -4.0% during the next 3 months and, with 90% probability hold a price between USD 23.17 and USD 26.24 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 Friday May 19, 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 buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at USD 26.27 and USD 26.45. A break down below any of these levels will issue sell signals.

The stock had a Golden Star Signal* on Wednesday April 26, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Support & Resistance

Oceaneering International Inc finds support from accumulated volume at USD 26.38, USD 26.15, and USD 25.88. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 27.05, USD 28.32 and USD 27.80.

The stock is about to test the resistance from accumulated volume at USD 27.05 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

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 USD 0.59 (2.23%) between high and low. For the last week, the stock has had a daily average volatility of 3.27%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Evaluation

Oceaneering International Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate

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