OCONEE FEDERAL FINANCIAL COR (OFED) Technical Analysis
NASDAQ:OFED • US6756071055
Current stock price
13.52 USD
-1.61 (-10.61%)
Last:
OFED Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to OFED. OFED's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, OFED is a bad performer in the overall market: 93% of all stocks are doing better.
- OFED is part of the Banks industry. There are 381 other stocks in this industry, of which 94% are performing better than OFED.
- OFED is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OFED is lagging the market.
- In the last month OFED has a been trading in the 13.52 - 16.01 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: OFED has an average volume of 3450 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
OFED Weekly and Daily overview Charts
OFED Setup Rating and Analysis
The technical rating of OFED is bad and it also does not present a quality setup 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.
More info and screens
OFED Support and Resistance Analysis
13.38
27.27
When analyzing the resistance we notice 8 important areas.
- Resistance @15.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.50 to 15.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 15.78 to 16.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.63 from a trend line in the daily time frame.
- Resistance @21.62 from a horizontal line in the daily time frame.
- Resistance @25.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 26.30 to 26.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.00 from a horizontal line in the weekly time frame.
OFED Technical Indicator Signal Analysis
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 OFED is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OFED is neutral. |
| ChartMill Relative Strength | 7.92 | NEGATIVE | OFED has a low relative strength, it was outperformed by 92.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OFED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OFED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OFED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.56 | NEUTRAL | The RSI value for OFED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OFED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.33 | NEUTRAL | The Stochastics value for OFED is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for OFED suggests high volalility. |
| Average Directional Index/ADX (14) | 19.73 | NEGATIVE | The low ADX value for OFED suggests a weak or negative trend. |
OFED Chart- and CandleStick Pattern Analysis
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)
OFED Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:OFED (7/31/2023, 8:00:02 PM)
13.52
-1.61 (-10.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-10.61%
1 Week-10.46%
2 Weeks-7.71%
1 Month-4.45%
3 Month-34.21%
6 Month-40.36%
12 Month-48.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%5.15%
ATR Inc80.35%
Range Today1.73
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
CRS7.92
3 months CRSN/A
6 months CRSN/A
Mansfield-4.29
10 Day High15.9
10 Day Low13.52
20 Day High16.01
20 Day Low13.52
52 Week High27
52 Week Low13.35
CS1 EndN/A
CR1 Start15.21
Volume & EV
DER(3)-4.49%
DER(5)-8.29%
Volume6.40K
Volume Incr5.68%
Vol(5)3.72K
Vol(50)3.45K
OCONEE FEDERAL FINANCIAL COR / OFED TA FAQ
Can you provide the ChartMill technical rating for OCONEE FEDERAL FINANCIAL COR?
ChartMill assigns a technical rating of 0 / 10 to OFED.
What is the trend direction for OFED stock?
The current trend direction for OCONEE FEDERAL FINANCIAL COR (OFED) is Bearish.
Can you provide the RSI signal for OCONEE FEDERAL FINANCIAL COR?
OCONEE FEDERAL FINANCIAL COR (OFED) has an RSI value of 35.5571. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OCONEE FEDERAL FINANCIAL COR?
The MACD indicator for OCONEE FEDERAL FINANCIAL COR (OFED) has a value of 0.0181253, indicating a bearish trend.
What is the short term momentum for OCONEE FEDERAL FINANCIAL COR (OFED) stock?
The short term momentum for OCONEE FEDERAL FINANCIAL COR (OFED) is neutral.