OFG BANCORP (OFG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OFG - PR67103X1020 - Common Stock
Overall OFG gets a technical rating of 1 out of 10. OFG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, OFG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 40.02, a Stop Loss order could be placed below this zone.
More info and screens
34.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 38.74 to 40.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.37 to 35.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @43.29 from a horizontal line in the daily time frame.
- A resistance zone ranging from 45.01 to 45.52. 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 | DOWN | NEGATIVE | The long term trend for OFG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OFG is neutral. |
| ChartMill Relative Strength | 24.6 | NEGATIVE | OFG has a low relative strength, it was outperformed by 75.4% 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) | DOWN | NEGATIVE | The current price of OFG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OFG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.67 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests OFG has a positive trend. |
| Stochastics (14,3) | 42.33 | NEUTRAL | The Stochastics value for OFG is a neutral value. |
| 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) | 15.76 | NEGATIVE | The low ADX value for OFG suggests a weak or negative trend. |
40.04
-0.13 (-0.32%)
OFG BANCORP / OFG FAQ
What is the ChartMill technical rating of OFG BANCORP (OFG) stock?
ChartMill assigns a technical rating of 1 / 10 to OFG.
What is the trend direction for OFG stock?
The current trend direction for OFG BANCORP (OFG) is Bearish.
Can you provide the RSI signal for OFG BANCORP?
OFG BANCORP (OFG) has an RSI value of 48.6697. 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 neutral.
What is the support and resistance level for OFG stock?
OFG BANCORP (OFG) has a support level at 40.02 and a resistance level at 43.29. Check the full technical report for our detailed analysis of OFG support and resistance levels.