What Does MACD Oscillator Analysis predict about Ossen Innovation Co., Ltd. (NASDAQ:OSN)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Ossen Innovation Co., Ltd. (NASDAQ:OSN) for the period of 9-Day stands at 53.37% while the stochastic %D for the same period stands at 46.82%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Ossen Innovation Co., Ltd. (NASDAQ:OSN) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Ossen Innovation Co., Ltd. (NASDAQ:OSN) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Ossen Innovation Co., Ltd. (NASDAQ:OSN)’s 20-Day Bollinger Band indicates “Buy”.

About Company

Ossen Innovation Co. Ltd operates as a manufacturer and retailer of an array of plain surface prestressed steel materials and rare earth coated and zinc coated prestressed steel materials in the Peoples, Republic of China. The Company’s products are used in the construction of bridges, highways and other infrastructure projects in the PRC and internationally. Ossen Innovation Co. Ltd is based in Shanghai, the Peoples’ Republic of China.

Previous Day Activity Analysis

On the last trading day, Ossen Innovation Co., Ltd. (NASDAQ:OSN) opened the session at $2.1 and after going up 33.49% closed at $2.83. The stock gained 0.73 points in the last trade.

Ossen Innovation Co., Ltd. (NASDAQ:OSN)’s stock fluctuated in the range of $2.03 and $3.61 during the previous active session. Ossen Innovation Co., Ltd. (NASDAQ:OSN) traded with the volume of 1.97 Million with average volume of 10.11 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0.52 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.21 and 86.96 respectively.

Currently the Insider Ownership of the shares of Ossen Innovation Co., Ltd. (NASDAQ:OSN) is at 100% and the shares outstanding are 19.48 Million.

Important Ratio Analysis

Some important ratios to consider here for Ossen Innovation Co., Ltd. (NASDAQ:OSN) are discussed below:

Price to Earnings P/E ratio stands at 4.23 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 0.49 and 0.21 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 275.64 and 3.56 correspondingly.

The Quick Ratio of Ossen Innovation Co., Ltd. (NASDAQ:OSN) stands at 3.5 while the Current Ratio depicts the value of 4.3.

Return on Assets ROA of Ossen Innovation Co., Ltd. (NASDAQ:OSN) is at 1.7% whereas, Return on Equity ROE and Return of Investment ROI of Ossen Innovation Co., Ltd. (NASDAQ:OSN) stand at 2.8% and 6.5% respectively.

Stock Performance Analysis

The stock performance of Ossen Innovation Co., Ltd. (NASDAQ:OSN) on the basis of 5 day trade show the jump of 45.88% whereas, the monthly performance of the stock shows increase of 66.47%.

The quarterly performance of the stock remained in green zone with the value of 46.63% while six month performance of the shares of Ossen Innovation Co., Ltd. (NASDAQ:OSN) remained bullish with the count of 29.82%.

The yearly and YTD performance of Ossen Innovation Co., Ltd. (NASDAQ:OSN) remained up at 23.04% and 37.38% respectively.