OCEANFIRST FINANCIAL CORP (OCFC) Stock Technical Analysis
NASDAQ:OCFC - Nasdaq - US6752341080 - Common Stock - Currency: USD
Overall OCFC gets a technical rating of 8 out of 10. Although OCFC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month OCFC has a been trading in the 16.55 - 19.19 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that OCFC is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
OCFC is part of the Banks industry. There are 397 other stocks in this industry, OCFC did better than 47% of them.
OCFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OCFC is lagging the market.
OCFC has an excellent technical rating, but the quality of the setup is only medium 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
14.26
18.73
We found 6 important support areas.
- A support zone ranging from 17.21 to 17.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.65 to 16.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.33 from a horizontal line in the daily time frame.
- Support @15.16 from a trend line in the weekly 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.
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 | 74.81 | POSITIVE | OCFC has a high relative strength, it outperformed 74.81% off all stocks 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) | 61.22 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests OCFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.35 | OVERBOUGHT | The high Stochastics value suggests OCFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.58 | POSITIVE | The high ADX value value for OCFC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 19.20 | 17.46 | 1.74 (9.06%) | 11.03% |
| An entry @19.20. This is a Buy Stop order right above the 10 day high. | An exit @17.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.74 points, which is 9.06%. | For a 1.00% total portfolio risk, you can invest 11.03% 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.
18.54
-0.45 (-2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.37%
1 Week-1.28%
2 Weeks4.92%
1 Month6.49%
3 Month25.61%
6 Month4.98%
12 Month10.03%
2 Year-0.48%
3 Year-9.82%
5 Year21.02%
10 Year5.76%
15 Year46.45%
Volatility
ATR(14)0.45
ATR(20)%2.37%
ATR Inc-12.15%
Range Today0.31
ADR(20)0.41
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.81
Mansfield-0.33
10 Day High19.19
10 Day Low17.47
20 Day High19.19
20 Day Low16.55
52 Week High21.87
52 Week Low14.29
CS1 End17.76
CR1 StartN/A
Volume & EV
DER(3)0.04%
DER(5)-0.32%
Volume264.10K
Volume Incr25.6%
Vol(5)362.58K
Vol(50)295.54K