Taking everything into account, OCFC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, OCFC has proven to be a steady performer, scoring decent points in every aspect analyzed.
OCFC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 20.11. Right above this resistance zone may be a good entry point.
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14.26
6 important support areas can be observed.
- Support @18.46 from a trend line in the weekly time frame.
- A support zone ranging from 17.62 to 17.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.04 to 17.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.33 from a horizontal line in the daily time frame.
- Support @14.77 from a horizontal line in the weekly time frame.
- Support @14.40 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.11 to 20.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 71.86 | POSITIVE | OCFC has a high relative strength, it outperformed 71.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OCFC is below 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) | 55.02 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests OCFC has a negative trend. |
| Stochastics (14,3) | 49.14 | NEUTRAL | The Stochastics value for OCFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.34 | POSITIVE | The high ADX value value for OCFC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.41 | 19.49 | 0.92 (4.48%) | 22.31% |
| An entry @20.41. This is a Buy Stop order right above the resistance zone. | An exit @19.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.92 points, which is 4.48%. | For a 1.00% total portfolio risk, you can invest 22.31% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.72
-0.01 (-0.05%)
OCEANFIRST FINANCIAL CORP / OCFC FAQ
Can you provide the ChartMill technical rating for OCEANFIRST FINANCIAL CORP?
ChartMill assigns a technical rating of 9 / 10 to OCFC.
What is the trend direction for OCFC stock?
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 55.0183. This indicates that the stock is currently neutral.
What is the short term momentum for OCFC stock?
The short term momentum for OCEANFIRST FINANCIAL CORP (OCFC) is positive.
Can you provide the support and resistance levels for OCEANFIRST FINANCIAL CORP?
OCEANFIRST FINANCIAL CORP (OCFC) has a support level at 18.46 and a resistance level at 20.11. Check the full technical report for our detailed analysis of OCFC support and resistance levels.