OFG BANCORP (OFG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OFG - PR67103X1020 - Common Stock
41.38 USD
-0.28 (-0.67%)
41.38 USD
0 (0%)
Overall OFG gets a technical rating of 2 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.
When comparing the yearly performance of all stocks, OFG is a bad performer in the overall market: 62% of all stocks are doing better.
OFG is part of the Banks industry. There are 383 other stocks in this industry, of which 80% are performing better than OFG.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 40.13 - 43.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, OFG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 41.38, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
34.03
45.98
We found 4 important support areas.
- A support zone ranging from 40.73 to 41.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.37 to 39.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.20 to 38.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 41.40 to 42.47. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- Resistance @44.24 from a horizontal line 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 | 38.49 | 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 | POSITIVE | The current price of OFG is above 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) | 49.73 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests OFG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.63 | NEUTRAL | The Stochastics value for OFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for OFG suggests low volalility. |
| Average Directional Index/ADX (14) | 12.76 | 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)
41.38
-0.28 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.67%
1 Week0.88%
2 Weeks-1.48%
1 Month-1.19%
3 Month-0.17%
6 Month-7.37%
12 Month2.32%
2 Year12.54%
3 Year46.17%
5 Year140.86%
10 Year636.3%
15 Year250.08%
Volatility
ATR(14)0.72
ATR(20)%1.75%
ATR Inc-0.07%
Range Today0.7
ADR(20)0.71
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.49
3 months CRS37.65
6 months CRS23.26
Mansfield-1.12
10 Day High42.44
10 Day Low40.13
20 Day High43.19
20 Day Low40.13
52 Week High46.11
52 Week Low33.15
CS1 End41.38
CR1 Start41.4
Volume & EV
DER(3)-0.31%
DER(5)-0.66%
Volume162.60K
Volume Incr-17.63%
Vol(5)211.04K
Vol(50)269.91K
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 49.7322. 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 -0.0941607, indicating a bearish trend.
Can you provide the short term momentum for OFG BANCORP?
The short term momentum for OFG BANCORP (OFG) is neutral.