OFG BANCORP (OFG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OFG • PR67103X1020
Taking everything into account, OFG scores 2 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, OFG is a bad performer in the overall market: 66% of all stocks are doing better.
- OFG is part of the Banks industry. There are 383 other stocks in this industry, of which 84% are performing better than OFG.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- In the last month OFG has a been trading in the 35.71 - 42.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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
When analyzing the support we notice one important area.
- A support zone ranging from 34.37 to 34.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 40.40 to 40.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.62 to 42.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.29 to 43.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 44.10 to 44.24. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for OFG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OFG is neutral. |
| ChartMill Relative Strength | 34.56 | 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) | UP | MIXED | The current price of OFG is below the rising 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) | 50.14 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests OFG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.09 | NEUTRAL | The Stochastics value for OFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for OFG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.11 | NEGATIVE | The low ADX value for OFG suggests a weak or negative trend. |
40.3
+0.56 (+1.41%)
OFG BANCORP / OFG FAQ
What is the ChartMill technical rating of OFG BANCORP (OFG) stock?
ChartMill assigns a technical rating of 2 / 10 to OFG.
Can you provide the trend direction for OFG BANCORP?
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 50.1407. This indicates that the stock is currently neutral.
What is the MACD signal for OFG BANCORP (OFG) stock?
The MACD indicator for OFG BANCORP (OFG) has a value of -0.142625, indicating a bearish trend.
Can you provide the short term momentum for OFG BANCORP?
The short term momentum for OFG BANCORP (OFG) is neutral.