CORPORATE OFFICE PROPERTIES (OFC) Stock Technical Analysis
NYSE:OFC - New York Stock Exchange, Inc. - US22002T1088 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to OFC. OFC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
OFC is one of the better performing stocks in the Diversified REITs industry, it outperforms 73% of 130 stocks in the same industry.
In the last month OFC has a been trading in the 24.26 - 26.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, OFC outperforms 51% of them, which is more or less in line with the market.
OFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OFC is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, OFC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
21.63
29.41
We found 2 important support 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. |
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)
24.94
+0.39 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1.59%
1 Week1.96%
2 Weeks-3.67%
1 Month-0.52%
3 Month3.14%
6 Month9.05%
12 Month-2.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%2.15%
ATR Inc-3.01%
Range Today0.28
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.31
Mansfield-0.96
10 Day High26.29
10 Day Low24.26
20 Day High26.29
20 Day Low24.26
52 Week High28.69
52 Week Low21.59
CS1 End24.63
CR1 Start25.12
Volume & EV
DER(3)-0.25%
DER(5)0.9%
Volume542.70K
Volume Incr102.21%
Vol(5)1.50M
Vol(50)769.31K