OCC NEWS why is Optical Cable Corporation price falling or rising

OCC NEWS reasons for why stock price of Optical Cable Corporation is falling or rising

OCC Optical Cable is falling or rising technical reasons

Technical analysis forecast for Optical Cable Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Optical Cable OCC at this time. Stock is falling and might fall more.

It appears as if Optical Cable OCC gave a large move recently.

Stock of Optical Cable (OCC) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Optical Cable is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Optical Cable stays below 2.4, but if it comes above 2.4, then a intra day buy could be more profitable.
If you take a sell trade below 2.4, then use 2.4 as stoploss and 2.3 as target. However if you take a buy trade in Optical Cable, then use 2.4 as stoploss and 2.43 as target.

OCC Optical Cable is falling or rising NEWS fundamental reasons

More announcements and NEWS

OCC Optical Cable Corporation current price & indicator signals

Moving Averages for Optical Cable Corporation

  • 5Day Average: 2.39
  • 12Day Average: 2.41
  • 20Day Average: 2.42
  • 50Day Average: 2.57
  • 100Day Average: 2.65
  • 150Day Average: 2.71
  • 200Day Average: 2.75

OCC Indicators & signals

Indicator MACD (12,26,9)

2.41, 2.45, -0.06
Indicator MACD is in negative zone

Indicator ADX (14)

0, 77.78, 77.78
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OCC Optical Cable Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
11 Mon Nov 2024 2.38 2.36 to 2.45 -0.42% 1.74 times
08 Fri Nov 2024 2.39 2.37 to 2.39 -0.42% 0.34 times
07 Thu Nov 2024 2.40 2.40 to 2.48 0% 0.31 times
06 Wed Nov 2024 2.40 2.40 to 2.41 0% 1.23 times
05 Tue Nov 2024 2.40 2.40 to 2.45 -2.44% 0.2 times
04 Mon Nov 2024 2.46 2.41 to 2.46 0.82% 0.28 times
01 Fri Nov 2024 2.44 2.39 to 2.51 -0.41% 2.1 times
31 Thu Oct 2024 2.45 2.37 to 2.50 0.82% 3.73 times
30 Wed Oct 2024 2.43 2.43 to 2.52 -0.82% 0.56 times
29 Tue Oct 2024 2.45 2.35 to 2.45 6.06% 0.25 times
28 Mon Oct 2024 2.31 2.30 to 2.44 -2.53% 1.01 times
25 Fri Oct 2024 2.37 2.36 to 2.41 -1.25% 0.98 times

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OCC NEWS why is Optical Cable Corporation price falling or rising

 

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