OFG BANCORP (OFG) Stock Technical Analysis
USA - NYSE:OFG - PR67103X1020 - Common Stock
41.29 USD
+0.52 (+1.28%)
41.29 USD
0 (0%)
We assign a technical rating of 0 out of 10 to OFG. OFG'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.
When comparing the yearly performance of all stocks, OFG is a bad performer in the overall market: 70% of all stocks are doing better.
In the last month OFG has a been trading in the 40.32 - 45.18 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
OFG is part of the Banks industry. There are 391 other stocks in this industry, OFG did better than 46% of them.
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.
The technical rating of OFG 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
34.03
47.32
We found 3 important support areas.
- A support zone ranging from 40.76 to 41.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.37 from a horizontal line in the weekly time frame.
- Support @34.37 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 42.28 to 43.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @44.74 from a horizontal line in the daily time frame.
- Resistance @45.52 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 46.51 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 | NEUTRAL | NEUTRAL | The long term trend for OFG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OFG is down. |
| ChartMill Relative Strength | 30.47 | NEUTRAL | OFG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OFG is below a declining 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) | 40.32 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests OFG has a negative trend. |
| Stochastics (14,3) | 24.59 | NEUTRAL | The Stochastics value for OFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for OFG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.12 | NEGATIVE | The low ADX value for OFG suggests a weak or negative 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)
41.29
+0.52 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.28%
1 Week-0.39%
2 Weeks-3.19%
1 Month-6.75%
3 Month-8.12%
6 Month15.3%
12 Month1.3%
2 Year39.4%
3 Year48.1%
5 Year186.94%
10 Year348.32%
15 Year212.09%
Volatility
ATR(14)1.11
ATR(20)%2.42%
ATR Inc51.74%
Range Today0.78
ADR(20)0.96
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.47
Mansfield-1.13
10 Day High43.59
10 Day Low40.32
20 Day High45.18
20 Day Low40.32
52 Week High47.66
52 Week Low33.15
CS1 End41.28
CR1 Start42.28
Volume & EV
DER(3)2.79%
DER(5)1.91%
Volume314.90K
Volume Incr-1.31%
Vol(5)233.62K
Vol(50)220.40K