Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>O-I Glass, Inc. is currently trading at $22.99 with a -0.30% drop in the past 24 hours. However, the share price rose by 2.45% in the last 7 days.</a> </li> 
 <li> <span>2</span> <a>The stock price faces strong resistance from the trendline.</a> </li> 
</ul> 
<p>Specializing in container glass products, O-I Glass, Inc. is an American company that leads the global market of packaging products. It has the biggest share of glass container production in four continents: North America, South America, Asia-Pacific, and Europe. The company also strives to make glassmaking more sustainable and innovative.</p> 
<p>OI has a market value of $3.57 Billion. It has been growing its sales and profits consistently. In 2022, it earned $6.86 Billion in revenue and $584.00 Million in net income. Its net profit margin was 8.52% for 2022. The company owes $4.95 Billion in debt, but it also has $773.00 Million in cash and equivalents.</p> 
<p>O-I Glass stock recently broke the 50 moving average and strike its strong supply zone. The next move depends on whether the share gives a breakout above the supply zone or not.</p> 
<h2 class="wp-block-heading" id="strong-o-i-glass-inc-stock-price-technical-analysis-strong"><strong>O-I Glass, Inc. Stock Price Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/EQtgFXRRyteLZbSfL0eeZJDfnB2U8reeXpZtzksrZ7VeUTc0-Ik5M3tBrvABYdUj6hjGOd_FX4JT54ZzpeZ-jhXAg0to4xOfOJ934rls6eMM2HD8Je-wVhcyZqnCm--f3Nb9kFWDmbHtz5CdVuZrV88" alt="O-I Glass, Inc Stock Price Prediction: What's OI's Next Move?"> 
  <figcaption class="wp-element-caption">
    Source: OI/US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/06/21/is-bitcoin-recovery-pushing-the-riot-stock-price-to-15/" target="_blank" rel="noopener noreferrer nofollow">O-I Glass, Inc.’s stock price</a> is displaying mild bullish momentum as its price has been traded above the 50-day and 200-day moving averages. The stock is confronted by a daunting challenge of an unyielding trendline resistance. Moreover, if the price breaks this resistance, then a new trend could start.</p> 
<p>The MACD line has crossed above the signal line, which is a positive sign. Currently, the MACD is at 0.5043 points and the signal line is at 0.3216 points, and both are above the zero line in the positive area.</p> 
<p>The RSI is above the median line, reflecting a positive trend. Currently, the RSI is at 62.61 points and the 14-day SMA line is at 58.75 points, and both are above to the median line and give a positive outlook.</p> 
<p>The super trend line is below the price, showing a red signal and suggesting a positive trend.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The chart of <a href="https://www.thecoinrepublic.com/2023/06/21/is-bitcoin-recovery-pushing-the-riot-stock-price-to-15/" target="_blank" rel="noopener noreferrer nofollow">O-I Glass, Inc.’s stock</a> is not showing any clear direction at the moment. The technical indicators MACD, RSI, and super trend are giving bullish signals, suggesting that the OI stock is in an up trend. The next move will depend on whether the price can break above or below these levels and establish a new trend. The current situation requires traders and investors to be patient and look for a clear break below or above the range before making any moves and avoid the fear of missing out to minimize losses.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Level – </strong>The current support level is $21.07.</li> 
 <li><strong>Resistance Level – </strong>The current resistance level is $23.60.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is only for information and education purposes. Do not use this information as financial or trading advice. Trading and investing have financial risks. Before making any investment or trading decision, please think about your risk tolerance and situation.</p>

O-I Glass, Inc Stock Price Prediction: What’s OI’s Next Move?

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Thecoinrepublic.com

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