Taking everything into account, OCFC scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OCFC is only an average performer.
- OCFC is one of the lesser performing stocks in the Banks industry. 63% of 383 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- OCFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OCFC is lagging the market slightly.
- In the last month OCFC has a been trading in the 17.25 - 20.14 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, OCFC turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
Although OCFC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.62
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.66 to 19.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.25 from a trend line in the weekly time frame.
- A support zone ranging from 17.11 to 17.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The long term trend for OCFC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCFC is up. |
| ChartMill Relative Strength | 65.63 | NEUTRAL | OCFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCFC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCFC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.12 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests OCFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.44 | OVERBOUGHT | The high Stochastics value suggests OCFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for OCFC suggests a possible start of a new trend. |
19.78
+0.1 (+0.51%)
OCEANFIRST FINANCIAL CORP / OCFC FAQ
Can you provide the ChartMill technical rating for OCEANFIRST FINANCIAL CORP?
ChartMill assigns a technical rating of 7 / 10 to OCFC.
Can you provide the trend direction for OCEANFIRST FINANCIAL CORP?
The current trend direction for OCEANFIRST FINANCIAL CORP (OCFC) is Bullish.
What is the RSI signal for OCFC stock?
OCEANFIRST FINANCIAL CORP (OCFC) has an RSI value of 63.1184. 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 0.188753, 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 positive.