Technical Analysis for OFG - OFG Bancorp
|Grade||Last Price||% Change||Price Change|
OFG closed down 3.76 percent on Thursday, August 17, 2017, on 1.17 times normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Down||Down||Down|
|See historical OFG trend table...|
|Date||Alert Name||Type||% Chg|
|Aug 17||New 52 Week Low||Other||0.00%|
|Aug 17||New 52 Week Closing Low||Bearish||0.00%|
|Aug 14||NR7||Range Contraction||-5.79%|
|Aug 14||NR7-2||Range Contraction||-5.79%|
|Aug 14||Narrow Range Bar||Range Contraction||-5.79%|
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OFG Bancorp., a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Financial Services, and Treasury. The Banking segment offers saving and time deposit products, and checking and savings accounts; and commercial and consumer lending, leasing, financial planning, insurance, financial, investment brokerage, and corporate and individual trust and retirement services. It also provides mortgage lending products, which include the origination of residential mortgage loans. This segment operates 64 branches in Puerto Rico. The Financial Services segment offers securities brokerage, trust services, retirement planning, insurance, pension administration, and other financial services. This segment's securities brokerage services cover various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. It also provides managed accounts and mutual fund asset allocation programs; manages and participates in public offerings and private placements of debt and equity securities; and provides underwriting, merger and acquisition, and financial restructuring advisory services. In addition, this segment engages in the insurance agency and administration of retirement plans in the United States, Puerto Rico, and the Caribbean. The Treasury segment is involved in various treasury related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, and money market instruments. OFG Bancorp. serves mid and high net worth individuals; and families, including professionals and owners of small and mid-sized businesses. The company was formerly known as Oriental Financial Group Inc. and changed its name to OFG Bancorp. in April 2013. OFG Bancorp. was founded in 1964 and is based in San Juan, Puerto Rico.
Is OFG a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more OFG news...
|52 Week High||14.3322|
|52 Week Low||8.9949|
|200-Day Moving Average||11.5499|
|50-Day Moving Average||9.936|
|20-Day Moving Average||9.8675|
|10-Day Moving Average||9.56|
|Average True Range||0.3529|
|Chandelier Exit (Long, 3 ATRs)||10.2913|
|Chandelier Exit (Short, 3 ATRs)||9.9587|
|Upper Bollinger Band||10.6983|
|Lower Bollinger Band||9.0367|
|Percent B (%b)||-0.05|
|MACD Signal Line||-0.1163|