Orion Engineered Carbons SA (OEC) Technical Analysis

Orion Engineered Carbons SA (OEC) is a company that specializes in the production and distribution of carbon black, a material that is used in various industries such as rubber, plastics, coatings, and printing inks. As an investor, it is important to analyze the technical indicators of OEC stock to make informed decisions about buying or selling shares. Technical analysis involves the use of mathematical formulas and chart patterns to identify trends and potential trading opportunities. One commonly used indicator is the relative strength index (RSI), which measures the speed and change of price movements. A high RSI may indicate that a stock is overbought, while a low RSI may suggest it is oversold.

Another useful indicator is the average directional index (ADX), which measures the strength of a stock's trend. A high ADX value suggests a strong trend, while a low value indicates a weak trend. The moving average convergence divergence (MACD) is another popular indicator that combines price momentum and trend-following aspects. A positive MACD value indicates bullish momentum, while a negative value suggests bearish momentum. The rate of change (ROC) indicator measures the percentage change in a stock's price over a specific period. A positive ROC suggests upward momentum, while a negative ROC suggests downward momentum.