OCEANFIRST FINANCIAL CORP (OCFC) Stock Technical Analysis
NASDAQ:OCFC - Nasdaq - US6752341080 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to OCFC. OCFC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month OCFC has a been trading in the 16.55 - 18.88 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 76% 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 395 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OCFC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.26
18.97
When analyzing the support we can see 6 important areas.
- A support zone ranging from 17.01 to 17.69. 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 @15.13 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 | NEUTRAL | NEUTRAL | The long term trend for OCFC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCFC is up. |
| ChartMill Relative Strength | 76.43 | POSITIVE | OCFC has a high relative strength, it outperformed 76.43% 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) | 72.18 | OVERBOUGHT | The high RSI value suggests OCFC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests OCFC has a positive trend. |
| Stochastics (14,3) | 94.53 | OVERBOUGHT | The high Stochastics value suggests OCFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.54 | 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)
18.78
+0.2 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.08%
1 Week6.28%
2 Weeks11.99%
1 Month11.52%
3 Month24.62%
6 Month4.04%
12 Month22.35%
2 Year0.81%
3 Year-8.66%
5 Year22.58%
10 Year7.13%
15 Year48.34%
Volatility
ATR(14)0.44
ATR(20)%2.21%
ATR Inc-12.36%
Range Today0.18
ADR(20)0.38
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.43
Mansfield-0.24
10 Day High18.88
10 Day Low16.55
20 Day High18.88
20 Day Low16.55
52 Week High21.87
52 Week Low14.29
CS1 End17.69
CR1 StartN/A
Volume & EV
DER(3)1.29%
DER(5)0.36%
Volume138.50K
Volume Incr-3.27%
Vol(5)283.18K
Vol(50)286.52K