OceanFirst Financial Technical Analysis (NASDAQ:OCFC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The OceanFirst Financial stock price data and volume are plotted in OCFC stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for OceanFirst Financial. The technical analysis form of OceanFirst Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
OceanFirst Financial Moving Average
Moving averages help predict the price direction of OCFC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $29.35 is above the price of $28.9.
OceanFirst Financial Bollinger Bands
Bollinger bands comprise of a center line usually OCFC SMA, and two OCFC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of OceanFirst Financial bollinger bands.
OceanFirst Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The OceanFirst Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
OceanFirst Financial Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of OCFC stock is 27.72.