OFG BANCORP (OFG) Stock Technical Analysis
NYSE:OFG - New York Stock Exchange, Inc. - PR67103X1020 - Common Stock - Currency: USD
Overall OFG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OFG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
OFG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OFG is lagging the market slightly.
OFG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that OFG is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
OFG is an average performer in the Banks industry, it outperforms 58% of 397 stocks in the same industry.
OFG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
34.03
47.32
We found 4 important support areas.
- A support zone ranging from 42.06 to 42.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.38 to 40.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.37 to 35.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @34.37 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @44.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.31 to 46.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for OFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OFG is up. |
| ChartMill Relative Strength | 78.35 | POSITIVE | OFG has a high relative strength, it outperformed 78.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OFG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.13 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests OFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.5 | OVERBOUGHT | The high Stochastics value suggests OFG may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for OFG suggests low volalility. |
| Average Directional Index/ADX (14) | 25.67 | POSITIVE | The high ADX value value for OFG suggests a strong 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)
44.67
-0.12 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.27%
1 Week-0.76%
2 Weeks3.21%
1 Month7.25%
3 Month28.07%
6 Month10.46%
12 Month13.23%
2 Year33.38%
3 Year62.61%
5 Year241.51%
10 Year454.22%
15 Year215.47%
Volatility
ATR(14)0.88
ATR(20)%1.98%
ATR Inc-6.76%
Range Today0.83
ADR(20)0.86
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.35
Mansfield-0.21
10 Day High45.32
10 Day Low42.54
20 Day High45.32
20 Day Low40.06
52 Week High47.66
52 Week Low33.15
CS1 End42.89
CR1 Start44.74
Volume & EV
DER(3)-0.34%
DER(5)0.47%
Volume224.00K
Volume Incr-26.25%
Vol(5)200.50K
Vol(50)260.05K