OFG BANCORP (OFG) Stock Technical Analysis
NYSE:OFG - New York Stock Exchange, Inc. - PR67103X1020 - Common Stock - Currency: USD
Taking everything into account, OFG scores 1 out of 10 in our technical rating. OFG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
OFG is part of the Banks industry. There are 398 other stocks in this industry, of which 83% are performing better than OFG.
OFG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
When comparing the performance of all stocks over the past year, OFG turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
In the last month OFG has a been trading in the 33.15 - 41.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OFG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.87, a Stop Loss order could be placed below this zone.
More info and screens
34.42
47.31
When analyzing the support we notice one important area.
- A support zone ranging from 34.77 to 34.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 38.93 to 39.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.18 to 41.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @42.00 from a trend line in the weekly time frame.
- A resistance zone ranging from 46.50 to 46.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.52
Mansfield-0.57
10 Day High38.31
10 Day Low33.15
20 Day High41.53
20 Day Low33.15
52 Week High47.66
52 Week Low33.15
Performance
1 Week3.78%
2 Weeks5.78%
1 Month-10.64%
3 Month-14.94%
6 Month-5.59%
12 Month1.35%
2 Year43.88%
3 Year38.41%
5 Year192.45%
10 Year161.11%
15 Year120.04%
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)0.17
RSI(14)45.51
LBB34.12
UBB37.11
36.79
+0.44 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.21%
1 Week3.78%
2 Weeks5.78%
1 Month-10.64%
3 Month-14.94%
6 Month-5.59%
12 Month1.35%
2 Year43.88%
3 Year38.41%
5 Year192.45%
10 Year161.11%
15 Year120.04%
Volatility
ATR(14)1.92
ATR(20)%4.35%
ATR Inc-19.78%
Range Today2
ADR(20)1.4
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.52
Mansfield-0.57
10 Day High38.31
10 Day Low33.15
20 Day High41.53
20 Day Low33.15
52 Week High47.66
52 Week Low33.15
CS1 End34.87
CR1 Start38.93
Volume & EV
DER(3)-0.7%
DER(5)-0.58%
Volume287.63K
Volume Incr-32.84%
Vol(5)366.83K
Vol(50)445.47K