OCEANFIRST FINANCIAL CORP (OCFC)       24.26  +0.04 (+0.17%)

24.26  +0.04 (+0.17%)

US6752341080 - Common Stock

Technical Rating

8

Overall OCFC gets a technical rating of 8 out of 10. 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.



The long and short term trends are both positive. This is looking good!
OCFC is part of the Banks industry. There are 330 other stocks in this industry. OCFC outperforms 85% of them.
OCFC is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month OCFC has a been trading in the 20.56 - 24.38 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 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Statistics

1 Month 3 Months 6 Months 12 Months 12.44% 5.40% 16.05% 7.17% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 74.16 18.24 - 24.38
OCFC Weekly chart
OCFC Daily chart

Support/Resistance Analysis


18.31

24.50
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 24.04 to 24.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 22.26 to 22.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 20.79 to 21.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 18.49 to 18.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although OCFC has an excellent technical rating, it does not present a decent entry opportunity 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.


OCFC Daily chart

OCEANFIRST FINANCIAL CORP24.26

NASDAQ:OCFC (2/2/2023, 8:51:26 AM)+0.04 (+0.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today 0.17% 1 Week 5.95%
2 Weeks 15.28% 1 Month 12.44%
3 Month 5.4% 6 Month 16.05%

Volatility
ATR(14) 0.65 ATR(20)% 2.44%
ATR Inc 14.24% Range Today 0

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 74.16 Mansfield 1.41
10 Day High 24.38 10 Day Low 20.56
20 Day High 24.38 20 Day Low 20.56
52 Week High 24.38 52 Week Low 18.24
CS1 End 24.04 CR1 Start 24.23

Volume & EV
DER(3) 2.97% DER(5) 5.14%
Volume 6 Volume Incr 13.6%
Vol(5) 230.00K Vol(50) 216.63K

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