BANK OZK (OZK) Stock Technical Analysis
NASDAQ:OZK - Nasdaq - US06417N1037 - Common Stock - Currency: USD
Overall OZK gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OZK is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
OZK is part of the Banks industry. There are 394 other stocks in this industry. OZK outperforms 70% of them.
OZK 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 OZK is lagging the market slightly.
In the last month OZK has a been trading in the 44.13 - 52.65 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that OZK is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, OZK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
37.47
53.64
4 important support areas can be observed.
- A support zone ranging from 46.87 to 47.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.08 to 44.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.49 from a trend line in the weekly time frame.
- Support @37.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @51.99 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 53.10 to 53.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The long term trend for OZK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OZK is up. |
| ChartMill Relative Strength | 76.2 | POSITIVE | OZK has a high relative strength, it outperformed 76.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OZK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OZK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OZK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.61 | NEUTRAL | The RSI value for OZK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests OZK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78 | NEUTRAL | The Stochastics value for OZK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for OZK suggests some volalility. |
| Average Directional Index/ADX (14) | 35.22 | POSITIVE | The high ADX value value for OZK suggests a strong 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 52.00 | 50.17 | 1.83 (3.52%) | 25.00% |
| An entry @52.00. This is a Buy Stop order right above the resistance zone. | An exit @50.17. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.83 points, which is 3.52%. | For a 0.88% 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 OZK. 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.
51.91
+0.74 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.45%
1 Week0.5%
2 Weeks1.88%
1 Month16.86%
3 Month24.69%
6 Month4.36%
12 Month14.52%
2 Year18.71%
3 Year29.45%
5 Year115.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%2.49%
ATR Inc-9.69%
Range Today1.23
ADR(20)1.25
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.2
Mansfield0.57
10 Day High52.65
10 Day Low50.18
20 Day High52.65
20 Day Low44.13
52 Week High53.64
52 Week Low35.71
CS1 End47.44
CR1 Start51.99
Volume & EV
DER(3)-0.17%
DER(5)0.47%
Volume1.85M
Volume Incr50.99%
Vol(5)1.28M
Vol(50)834.80K