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OceanFirst Financial Corp. (OCFC) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Savings Institutions
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneHammerWed, 14 Jun 2017-0.92%
***Stock database and scans are updated around midnight (New York time) every trading day.
26.27 0.00 (0%) Jun 23 4:00pm EDT
Open: 26.85 Range: 26.26 - 26.93 Vol: 831.86K Avg Vol: 122.68K
EPS: 1.12 P/E ratio: 25.19 EBITDA: 0.00 Mkt Cap: 896.07M
Analyze "OCFC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 27.96
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 27.05
Last Trade is below the 50 day moving average at 27.45
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 25.57
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of OCFC

Stock Trend Analysis - Buy, Sell or Hold "OceanFirst Financial Corp." (OCFC)?

OCFC is in a very strong uptrend. In the last 52 weeks, OCFC has been trading above the 200 day moving average for 95% of the time with an average daily volume of 122.7K shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. OCFC's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. The 20 day moving average seems to be confirming the 50 SMA as it is also indicating a trading range but however with a slightly bullish bias. As the long term trend is still up strongly, underlying strength in the 20 and 50 SMA can be used to time taking long/buy positions in OCFC. Some good levels to consider entering long positions in OCFC are at the 50 and 200 SMAs currently at 27.45 and 25.57 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "OCFC".

The analyst consensus estimates for the 1 year price target for this stock is $31.75* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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