CORPORATE OFFICE PROPERTIES (OFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OFC - US22002T1088 - REIT
We assign a technical rating of 3 out of 10 to OFC. In the last year, OFC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
OFC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
21.63
When analyzing the support we can see 2 important areas.
- Support @24.63 from a trend line in the daily time frame.
- A support zone ranging from 21.85 to 22.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 25.12 to 25.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.44 from a trend line in the daily time frame.
- Resistance @27.69 from a trend line in the weekly time frame.
- A resistance zone ranging from 28.15 to 28.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.12 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 OFC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OFC is down. |
| ChartMill Relative Strength | 51.31 | NEUTRAL | OFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OFC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.47 | NEUTRAL | The RSI value for OFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests OFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.74 | NEUTRAL | The Stochastics value for OFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for OFC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.46 | NEGATIVE | The low ADX value for OFC suggests a weak or negative trend. |
24.94
+0.39 (+1.59%)
CORPORATE OFFICE PROPERTIES / OFC FAQ
Can you provide the ChartMill technical rating for CORPORATE OFFICE PROPERTIES?
ChartMill assigns a technical rating of 3 / 10 to OFC.
Can you provide the trend direction for CORPORATE OFFICE PROPERTIES?
The current trend direction for CORPORATE OFFICE PROPERTIES (OFC) is Bearish.
What is the RSI signal for OFC stock?
CORPORATE OFFICE PROPERTIES (OFC) has an RSI value of 45.4733. This indicates that the stock is currently neutral.
What is the short term momentum for OFC stock?
The short term momentum for CORPORATE OFFICE PROPERTIES (OFC) is negative.
Can you provide the support and resistance levels for CORPORATE OFFICE PROPERTIES?
CORPORATE OFFICE PROPERTIES (OFC) has a support level at 24.63 and a resistance level at 25.12. Check the full technical report for our detailed analysis of OFC support and resistance levels.