OFG BANCORP (OFG) Technical Analysis
NYSE:OFG • PR67103X1020
Current stock price
OFG Technical Rating and Analysis
Taking everything into account, OFG scores 8 out of 10 in our technical rating. Although OFG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- OFG is one of the lesser performing stocks in the Banks industry. 65% of 377 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month OFG has a been trading in the 38.21 - 43.51 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, OFG outperforms 58% of them, which is more or less in line with the market.
- OFG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OFG is lagging the market.
- Considerably lower volume is observed in the last couple of days.
OFG Weekly and Daily overview Charts
OFG Setup Rating and Analysis
Although OFG has an excellent technical rating, the quality of the presented setup is not ideal 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
OFG Support and Resistance Analysis
36.77
When analyzing the support we can see 4 important areas.
- A support zone ranging from 40.83 to 41.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.44 to 39.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.81 to 38.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.14 to 37.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.29 to 45.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
OFG 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 | 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 | 58.06 | NEUTRAL | OFG is not amongst the best or worst performers 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) | 65.14 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests OFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.84 | OVERBOUGHT | The high Stochastics value suggests OFG may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for OFG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.27 | NEUTRAL | The ADX value for OFG suggests a possible start of a new trend. |
OFG Chart- and CandleStick Pattern Analysis
OFG Technicals: Chart, Performance Metrics, Trend & Indicators
42.83
-0.27 (-0.63%)
OFG BANCORP / OFG TA FAQ
What is the ChartMill technical rating of OFG BANCORP (OFG) stock?
ChartMill assigns a technical rating of 8 / 10 to OFG.
What is the current trend direction of OFG BANCORP (OFG) stock?
The current trend direction for OFG BANCORP (OFG) is Bullish.
What is the RSI signal for OFG stock?
OFG BANCORP (OFG) has an RSI value of 65.1368. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OFG BANCORP?
The short term momentum for OFG BANCORP (OFG) is positive.
What are the support and resistance levels for OFG BANCORP (OFG) stock?
OFG BANCORP (OFG) has a support level at 41.04 and a resistance level at 43.29. Check the full technical report for our detailed analysis of OFG support and resistance levels.