CORPORATE OFFICE PROPERTIES (OFC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OFC • US22002T1088
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.
- 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 comparing the performance of all stocks over the past year, OFC turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- OFC is part of the Diversified REITs industry. There are 124 other stocks in this industry, OFC did better than 48% of them.
- 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
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.