OCEANFIRST FINANCIAL CORP (OCFC) Technical Analysis
NASDAQ:OCFC • US6752341080
Taking everything into account, OCFC scores 0 out of 10 in our technical rating. OCFC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, OCFC is a bad performer in the overall market: 70% of all stocks are doing better.
- OCFC is part of the Banks industry. There are 381 other stocks in this industry, of which 81% are performing better than OCFC.
- In the last month OCFC has a been trading in the 17.30 - 19.99 range, which is quite wide. It is currently trading near the lows of this range.
- OCFC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OCFC is lagging the market slightly.
Although the technical rating is bad, OCFC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 17.80, a Stop Loss order could be placed below this zone.
More info and screens
14.26
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.50 to 17.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.11 from a horizontal line in the daily time frame.
- Support @15.15 from a trend line in the weekly time frame.
- Support @14.40 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 18.57 to 18.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.35 from a trend line in the daily time frame.
- A resistance zone ranging from 20.14 to 20.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OCFC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OCFC is down. |
| ChartMill Relative Strength | 30.34 | NEUTRAL | OCFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OCFC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.38 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests OCFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.81 | NEUTRAL | The Stochastics value for OCFC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.34 | NEUTRAL | The ADX value for OCFC suggests a possible start of a new trend. |
OCFC Technicals: Chart, Performance Metrics, Trend & Indicators
17.81
-0.05 (-0.31%)
OCEANFIRST FINANCIAL CORP / OCFC FAQ
Can you provide the ChartMill technical rating for OCEANFIRST FINANCIAL CORP?
ChartMill assigns a technical rating of 0 / 10 to OCFC.
Can you provide the trend direction for OCEANFIRST FINANCIAL CORP?
The current trend direction for OCEANFIRST FINANCIAL CORP (OCFC) is Bearish.
What is the RSI signal for OCFC stock?
OCEANFIRST FINANCIAL CORP (OCFC) has an RSI value of 36.379. This indicates that the stock is currently neutral.
What is the MACD signal for OCEANFIRST FINANCIAL CORP (OCFC) stock?
The MACD indicator for OCEANFIRST FINANCIAL CORP (OCFC) has a value of -0.106924, indicating a bearish trend.
What is the short term momentum for OCEANFIRST FINANCIAL CORP (OCFC) stock?
The short term momentum for OCEANFIRST FINANCIAL CORP (OCFC) is negative.