OCWEN FINANCIAL CORP (OCN) Stock Technical Analysis
NYSE:OCN - New York Stock Exchange, Inc. - US6757466064 - Common Stock - Currency: USD
Overall OCN gets a technical rating of 0 out of 10. OCN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OCN is a bad performer in the overall market: 74% of all stocks are doing better.
OCN is one of the lesser performing stocks in the Financial Services industry. 62% of 99 stocks in the same industry do better.
OCN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OCN is lagging the market.
Warning: OCN has an average volume of 13206 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month OCN has a been trading in the 23.58 - 27.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OCN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.13. Right above this resistance zone may be a good entry point.
More info and screens
22.88
27.72
When analyzing the support we can see 3 important areas.
- Support @24.30 from a trend line in the daily time frame.
- Support @23.79 from a trend line in the weekly time frame.
- A support zone ranging from 23.11 to 23.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 25.13 to 25.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.23 to 26.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.00 to 27.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.45 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 | DOWN | NEGATIVE | The long term trend for OCN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCN is neutral. |
| ChartMill Relative Strength | 26.85 | NEGATIVE | OCN has a low relative strength, it was outperformed by 73.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OCN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | NEUTRAL | The RSI value for OCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OCN has a positive trend. |
| Stochastics (14,3) | 64.49 | NEUTRAL | The Stochastics value for OCN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for OCN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.18 | NEGATIVE | The low ADX value for OCN suggests a weak or negative 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)
25.08
-0.19 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.75%
1 Week2.33%
2 Weeks3.21%
1 Month-7.32%
3 Month0.48%
6 Month-4.96%
12 Month-17.42%
2 Year-8.47%
3 Year-19.04%
5 Year-19.23%
10 Year-95.49%
15 Year-87.11%
Volatility
ATR(14)0.87
ATR(20)%3.77%
ATR Inc-27.24%
Range Today0.88
ADR(20)0.89
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.85
Mansfield-1.95
10 Day High25.49
10 Day Low23.58
20 Day High27.38
20 Day Low23.58
52 Week High35.79
52 Week Low21.15
CS1 End24.3
CR1 Start25.13
Volume & EV
DER(3)-2.92%
DER(5)-2.27%
Volume10.20K
Volume Incr-41.64%
Vol(5)10.54K
Vol(50)13.21K