OFG BANCORP (OFG) Stock Technical Analysis
USA - NYSE:OFG - PR67103X1020 - Common Stock
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.
OFG has a poor technical rating and the quality of the setup is also 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
34.03
We found 2 important support areas.
- Support @38.35 from a trend line in the daily time frame.
- 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 41.73 to 42.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- Resistance @46.51 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for OFG is down. |
| ChartMill Relative Strength | 27.84 | NEGATIVE | OFG has a low relative strength, it was outperformed by 72.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OFG is above 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) | 48.75 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests OFG has a positive trend. |
| Stochastics (14,3) | 47.69 | NEUTRAL | The Stochastics value for OFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for OFG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for OFG suggests a strong trend. |
40.55
+0.45 (+1.12%)
OFG BANCORP / OFG FAQ
What is the ChartMill technical rating of OFG BANCORP (OFG) stock?
ChartMill assigns a technical rating of 0 / 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 48.7498. 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 negative.
What is the support and resistance level for OFG stock?
OFG BANCORP (OFG) has a support level at 38.35 and a resistance level at 41.73. Check the full technical report for our detailed analysis of OFG support and resistance levels.