OFG BANCORP (OFG) Technical Analysis
NYSE:OFG • PR67103X1020
Current stock price
OFG Technical Rating and Analysis
Overall OFG gets a technical rating of 5 out of 10. In the last year, OFG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- OFG is part of the Banks industry. There are 380 other stocks in this industry, of which 68% are performing better than OFG.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month OFG has a been trading in the 37.58 - 41.37 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, OFG turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
- OFG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OFG is lagging the market slightly.
OFG Weekly and Daily overview Charts
OFG Setup Rating and Analysis
OFG has an average technical rating and also the quality of the setup is only medium 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
2 important support areas can be observed.
- A support zone ranging from 39.15 to 40.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.14 to 38.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 41.99 to 42.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.29 to 44.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 45.02 to 45.48. 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 | NEUTRAL | NEUTRAL | The long term trend for OFG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OFG is up. |
| ChartMill Relative Strength | 56.62 | 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) | DOWN | MIXED | The current price of OFG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OFG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.71 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests OFG has a positive trend. |
| Stochastics (14,3) | 94.72 | OVERBOUGHT | The high Stochastics value suggests OFG may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for OFG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for OFG suggests a weak or negative trend. |
OFG Chart- and CandleStick Pattern Analysis
OFG Technicals: Chart, Performance Metrics, Trend & Indicators
41.35
+0.26 (+0.63%)
OFG BANCORP / OFG TA FAQ
What is the ChartMill technical rating of OFG BANCORP (OFG) stock?
ChartMill assigns a technical rating of 5 / 10 to OFG.
What is the current trend direction of OFG BANCORP (OFG) stock?
The current trend direction for OFG BANCORP (OFG) is Bearish.
What is the RSI signal for OFG stock?
OFG BANCORP (OFG) has an RSI value of 61.7059. 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 40.41 and a resistance level at 41.99. Check the full technical report for our detailed analysis of OFG support and resistance levels.