OCEANFIRST FINANCIAL CORP (OCFC) Technical Analysis
NASDAQ:OCFC • US6752341080
Current stock price
OCFC Technical Rating and Analysis
Taking everything into account, OCFC scores 6 out of 10 in our technical rating. 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.
- OCFC is part of the Banks industry. There are 377 other stocks in this industry, of which 64% are performing better than OCFC.
- 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 17.30 - 19.31 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, OCFC outperforms 58% of them, which is more or less in line with the market.
- 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 Weekly and Daily overview Charts
OCFC Setup Rating and Analysis
OCFC has an average technical rating and also the quality of the setup is 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
OCFC Support and Resistance Analysis
14.26
5 important support areas can be observed.
- A support zone ranging from 18.44 to 18.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.42 to 17.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @17.11 from a horizontal line in the daily time frame.
- Support @15.19 from a trend 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 @18.97 from a trend line in the daily time frame.
- 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.
OCFC Technical Indicator Signal Analysis
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 | 58.59 | 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) | 60.46 | NEUTRAL | The RSI value for OCFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests OCFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.49 | NEUTRAL | The Stochastics value for OCFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for OCFC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.8 | NEGATIVE | The low ADX value for OCFC suggests a weak or negative trend. |
OCFC Chart- and CandleStick Pattern Analysis
OCFC Example Setup
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 |
|---|---|---|---|
| 18.98 | 18.43 | 0.55 (2.90%) | 25.00% |
| An entry @18.98. This is a Buy Stop order right above the resistance zone. | An exit @18.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 2.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of OCFC. Please evaluate whether better entry and exit points can be found.
- 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.
OCFC Technicals: Chart, Performance Metrics, Trend & Indicators
18.9
+0.17 (+0.91%)
OCEANFIRST FINANCIAL CORP / OCFC TA FAQ
Can you provide the ChartMill technical rating for OCEANFIRST FINANCIAL CORP?
ChartMill assigns a technical rating of 6 / 10 to OCFC.
What is the current trend direction of OCEANFIRST FINANCIAL CORP (OCFC) stock?
The current trend direction for OCEANFIRST FINANCIAL CORP (OCFC) is Bearish.
What is the RSI signal for OCEANFIRST FINANCIAL CORP (OCFC) stock?
OCEANFIRST FINANCIAL CORP (OCFC) has an RSI value of 60.4553. This indicates that the stock is currently neutral.
What is the MACD signal for OCFC stock?
The MACD indicator for OCEANFIRST FINANCIAL CORP (OCFC) has a value of 0.145633, indicating a bearish trend.
What are the support and resistance levels for OCEANFIRST FINANCIAL CORP (OCFC) stock?
OCEANFIRST FINANCIAL CORP (OCFC) has a support level at 18.6 and a resistance level at 18.97. Check the full technical report for our detailed analysis of OCFC support and resistance levels.