OFG BANCORP (OFG) Technical Analysis
NYSE:OFG • PR67103X1020
Current stock price
OFG Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 70% of all other stocks performed better in the past year than OFG.
- OFG is part of the Banks industry. There are 381 other stocks in this industry, of which 82% are performing better than OFG.
- In the last month OFG has a been trading in the 37.58 - 43.22 range, which is quite wide. It is currently trading near the lows of this range.
- OFG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OFG is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
OFG Weekly and Daily overview Charts
OFG Setup Rating and Analysis
Although the technical rating is bad, OFG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 38.21, a Stop Loss order could be placed below this zone.
More info and screens
OFG Support and Resistance Analysis
37.21
2 important support areas can be observed.
- Support @38.21 from a horizontal line in the daily time frame.
- Support @37.59 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.87 to 40.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.20 to 44.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
OFG Technical Indicator Signal Analysis
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 | 30.36 | 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) | 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) | 36.5 | NEUTRAL | The RSI value for OFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests OFG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.96 | NEUTRAL | The Stochastics value for OFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for OFG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.55 | NEGATIVE | The low ADX value for OFG suggests a weak or negative trend. |
OFG Chart- and CandleStick Pattern Analysis
OFG Technicals: Chart, Performance Metrics, Trend & Indicators
38.74
0 (0%)
OFG BANCORP / OFG TA FAQ
What is the ChartMill technical rating of OFG BANCORP (OFG) stock?
ChartMill assigns a technical rating of 0 / 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 36.5005. 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 -0.106644, indicating a bearish trend.
Can you provide the short term momentum for OFG BANCORP?
The short term momentum for OFG BANCORP (OFG) is negative.