O-I Glass, Inc.
Here’s whether O-I Glass, Inc. (OI) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Caution.
Positives: above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+0.16% over 10 days); RSI 40 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); weak 1-year return of -38.1%; 3-month momentum negative (-15.1%); rising volume on a downtrend (distribution, 1.33x avg). Currently 46.3% off its 52-week high. Score: -1/7.
OI is trading below its 200-day MA ($11.88) — a key warning sign the longer-term trend is under pressure. An RSI of 39.6 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -38.1% compares to +16.5% for SPY (trailed the market by 54.5%). The current 46.3% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.