OFG BANCORP (OFG) Stock Technical Analysis
NYSE:OFG - PR67103X1020 - Common Stock
44.81 USD
+2.06 (+4.82%)
44.81 USD
0 (0%)
We assign a technical rating of 5 out of 10 to OFG. OFG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
OFG is part of the Banks industry. There are 393 other stocks in this industry, of which 72% are performing better than OFG.
OFG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OFG is lagging the market slightly.
In the last month OFG has a been trading in the 41.10 - 44.88 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, OFG outperforms 45% of them, which is more or less in line with the market.
OFG has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.03
47.32
When analyzing the support we can see 5 important areas.
- Support @44.74 from a horizontal line in the daily time frame.
- A support zone ranging from 42.55 to 43.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.10 to 41.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.37 from a horizontal line in the weekly time frame.
- Support @34.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @45.52 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 46.51 to 46.85. 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 | 45.88 | 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) | UP | POSITIVE | The current price of OFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.31 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests OFG has a positive trend. |
| Stochastics (14,3) | 75.63 | NEUTRAL | The Stochastics value for OFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for OFG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.99 | 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)
44.81
+2.06 (+4.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg4.82%
1 Week5.14%
2 Weeks7.41%
1 Month3.46%
3 Month7.87%
6 Month7.56%
12 Month-0.31%
2 Year48.57%
3 Year64.74%
5 Year248.99%
10 Year418.63%
15 Year238.19%
Volatility
ATR(14)0.82
ATR(20)%1.87%
ATR Inc66.79%
Range Today2.01
ADR(20)0.82
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.88
Mansfield-0.33
10 Day High44.88
10 Day Low41.33
20 Day High44.88
20 Day Low41.1
52 Week High47.66
52 Week Low33.15
CS1 End44.74
CR1 Start45.52
Volume & EV
DER(3)-1.24%
DER(5)1.01%
Volume252.20K
Volume Incr-24.53%
Vol(5)177.04K
Vol(50)248.91K