OCEANFIRST FINANCIAL CORP (OCFC) Stock Technical Analysis
USA - NASDAQ:OCFC - US6752341080 - Common Stock
19.33 USD
+0.31 (+1.63%)
19.325 USD
0 (-0.03%)
Overall OCFC gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
OCFC is one of the better performing stocks in the Banks industry, it outperforms 75% of 391 stocks in the same industry.
In the last month OCFC has a been trading in the 17.16 - 19.42 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, OCFC did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
Volume is considerably higher in the last couple of days.
Although OCFC has an excellent technical rating, the quality of the presented setup is not ideal 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
19.52
When analyzing the support we can see 5 important areas.
- Support @19.15 from a horizontal line in the daily time frame.
- A support zone ranging from 18.01 to 18.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.11 to 17.71. 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.
- 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 | 70.09 | POSITIVE | OCFC has a high relative strength, it outperformed 70.09% 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) | 63.21 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OCFC has a positive trend. |
| Stochastics (14,3) | 83.7 | OVERBOUGHT | The high Stochastics value suggests OCFC may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.17 | 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)
19.33
+0.31 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.63%
1 Week4.71%
2 Weeks5.8%
1 Month7.45%
3 Month10.9%
6 Month16.8%
12 Month9.33%
2 Year52.69%
3 Year-14.39%
5 Year29.12%
10 Year4.71%
15 Year61.89%
Volatility
ATR(14)0.73
ATR(20)%3.29%
ATR Inc-3.62%
Range Today0.59
ADR(20)0.62
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.09
3 months CRS80.63
6 months CRS63.63
Mansfield-0.22
10 Day High19.42
10 Day Low17.32
20 Day High19.42
20 Day Low17.16
52 Week High21.87
52 Week Low14.29
CS1 End19.15
CR1 StartN/A
Volume & EV
DER(3)7.83%
DER(5)4.15%
Volume594.30K
Volume Incr48.63%
Vol(5)544.29K
Vol(50)338.21K