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OFG BANCORP (OFG)

PR67103X1020 - Common Stock

33.61  +0.28 (+0.84%)

After market: 33.61 0 (0%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to OFG. Although OFG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.
OFG is one of the better performing stocks in the Banks industry, it outperforms 94% of 416 stocks in the same industry.
OFG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month OFG has a been trading in the 29.45 - 34.10 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, OFG did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
OFG Weekly chart
OFG Daily chart
Setup Rating and Analysis

6

Besides having an excellent technical rating, OFG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.73. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

28.15

34.17

We found 3 important support areas.

  • A support zone ranging from 33.45 to 33.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @29.80 from a trend line in the daily time frame.
  • A support zone ranging from 28.43 to 28.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 33.73 to 33.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.99
Mansfield0.94
10 Day High34.1
10 Day Low32.96
20 Day High34.1
20 Day Low29.45
52 Week High34.3
52 Week Low22.34
Performance
1 Week1.05%
2 Weeks0.36%
1 Month13.47%
3 Month7%
6 Month26.12%
12 Month17.56%
2 Year39.46%
3 Year100.66%
5 Year84.87%
10 Year95.41%
15 Year435.19%
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)65.67
LBB31.23
UBB34.9
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
33.8433.440.40 (1.18%)25.00%
An entry @33.84. This is a Buy Stop order right above the resistance zone.An exit @33.44. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.40 points, which is 1.18%.For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of OFG. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OFG Daily chart

OFG BANCORP

NYSE:OFG (11/29/2023, 7:17:38 PM)

After market: 33.61 0 (0%)

33.61

+0.28 (+0.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.84%
1 Week1.05%
2 Weeks0.36%
1 Month13.47%
3 Month7%
6 Month26.12%
12 Month17.56%
2 Year39.46%
3 Year100.66%
5 Year84.87%
10 Year95.41%
15 Year435.19%
Volatility
ATR(14)0.73
ATR(20)%2.29%
ATR Inc19.52%
Range Today0.59
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.99
Mansfield0.94
10 Day High34.1
10 Day Low32.96
20 Day High34.1
20 Day Low29.45
52 Week High34.3
52 Week Low22.34
CS1 End33.54
CR1 Start33.73
Volume & EV
DER(3)-1.18%
DER(5)-1.27%
Volume132.20K
Volume Incr-35.39%
Vol(5)111.18K
Vol(50)186.83K