OCEANFIRST FINANCIAL CORP (OCFC) Stock Technical Analysis
USA - NASDAQ:OCFC - US6752341080 - Common Stock
18.19 USD
-1.14 (-5.9%)
18.19 USD
0 (0%)
Overall OCFC gets a technical rating of 7 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month OCFC has a been trading in the 17.16 - 19.50 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 51% of all stocks.
OCFC is part of the Banks industry. There are 391 other stocks in this industry, OCFC did better than 62% 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.
Volume is considerably higher in the last couple of days.
OCFC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 18.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OCFC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.26
19.52
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.11 to 18.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.32 to 16.36. 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.
We can see 2 important resistance areas.
- Resistance @18.81 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 19.15 to 19.33. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for OCFC is neutral. |
| ChartMill Relative Strength | 51.44 | 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) | 50.28 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests OCFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.64 | NEUTRAL | The Stochastics value for OCFC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.68 | 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 |
|---|---|---|---|
| 18.82 | 17.31 | 1.51 (8.02%) | 12.46% |
| An entry @18.82. This is a Buy Stop order right above the resistance zone. | An exit @17.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.51 points, which is 8.02%. | For a 1.00% total portfolio risk, you can invest 12.46% 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.
18.19
-1.14 (-5.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-5.9%
1 Week4.36%
2 Weeks0.89%
1 Month1.56%
3 Month4.36%
6 Month9.91%
12 Month2.88%
2 Year43.68%
3 Year-19.44%
5 Year21.51%
10 Year-1.46%
15 Year52.35%
Volatility
ATR(14)0.82
ATR(20)%3.86%
ATR Inc49.93%
Range Today1.6
ADR(20)0.68
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.44
3 months CRS60.58
6 months CRS48.83
Mansfield-0.84
10 Day High19.5
10 Day Low17.32
20 Day High19.5
20 Day Low17.16
52 Week High21.87
52 Week Low14.29
CS1 End18.08
CR1 Start18.81
Volume & EV
DER(3)5.42%
DER(5)4.89%
Volume835.84K
Volume Incr59.82%
Vol(5)605.86K
Vol(50)344.37K