OCEANFIRST FINANCIAL CORP (OCFC) Stock Technical Analysis
USA - NASDAQ:OCFC - US6752341080 - Common Stock
We assign a technical rating of 7 out of 10 to OCFC. 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.
Besides having an excellent technical rating, OCFC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 18.11, 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.
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14.26
We found 4 important support areas.
- A support zone ranging from 17.11 to 18.11. 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.
- Resistance @19.15 from a horizontal line 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 | 57.41 | 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) | 54.66 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OCFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.16 | NEUTRAL | The Stochastics value for OCFC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.22 | 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 |
|---|---|---|---|
| 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.
18.59
-0.1 (-0.54%)
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.
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 54.6593. 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 neutral.
Can you provide the support and resistance levels for OCEANFIRST FINANCIAL CORP?
OCEANFIRST FINANCIAL CORP (OCFC) has a support level at 18.11 and a resistance level at 18.81. Check the full technical report for our detailed analysis of OCFC support and resistance levels.