OCEANFIRST FINANCIAL CORP (OCFC) Technical Analysis
NASDAQ:OCFC • US6752341080
Overall OCFC gets a technical rating of 0 out of 10. OCFC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, OCFC is a bad performer in the overall market: 72% of all stocks are doing better.
- OCFC is one of the lesser performing stocks in the Banks industry. 82% of 381 stocks in the same industry do better.
- In the last month OCFC has a been trading in the 17.30 - 19.99 range, which is quite wide. It is currently trading near the lows of this range.
- 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 a poor technical rating and the quality of the setup is also 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
5 important support areas can be observed.
- A support zone ranging from 17.50 to 17.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.11 from a horizontal line in the daily time frame.
- 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 @15.15 from a trend line in the weekly time frame.
- Support @14.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.40 to 18.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.14 to 20.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for OCFC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OCFC is down. |
| ChartMill Relative Strength | 28.14 | NEGATIVE | OCFC has a low relative strength, it was outperformed by 71.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OCFC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.77 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests OCFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.98 | NEUTRAL | The Stochastics value for OCFC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.15 | NEUTRAL | The ADX value for OCFC suggests a possible start of a new trend. |
OCFC Technicals: Chart, Performance Metrics, Trend & Indicators
17.9
-0.02 (-0.11%)
OCEANFIRST FINANCIAL CORP / OCFC FAQ
Can you provide the ChartMill technical rating for OCEANFIRST FINANCIAL CORP?
ChartMill assigns a technical rating of 0 / 10 to OCFC.
Can you provide the trend direction for OCEANFIRST FINANCIAL CORP?
The current trend direction for OCEANFIRST FINANCIAL CORP (OCFC) is Bearish.
What is the RSI signal for OCFC stock?
OCEANFIRST FINANCIAL CORP (OCFC) has an RSI value of 36.7748. This indicates that the stock is currently neutral.
What is the MACD signal for OCEANFIRST FINANCIAL CORP (OCFC) stock?
The MACD indicator for OCEANFIRST FINANCIAL CORP (OCFC) has a value of -0.136461, indicating a bearish trend.
What is the short term momentum for OCEANFIRST FINANCIAL CORP (OCFC) stock?
The short term momentum for OCEANFIRST FINANCIAL CORP (OCFC) is negative.