Technical Analysis for ORIT - Oritani Financial Corp.
|Grade||Last Price||% Change||Price Change|
ORIT closed up 0.31 percent on Wednesday, December 13, 2017, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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.
|Weak or Absent||Up||Flat||Down|
|See historical ORIT trend table...|
|Date||Alert Name||Type||% Chg|
|Dec 13||Crossed Above 50 DMA||Bullish||0.00%|
|Dec 13||Wide Bands||Range Expansion||0.00%|
|Dec 13||Oversold Stochastic||Weakness||0.00%|
|Dec 12||50 DMA Resistance||Bearish||0.31%|
|Dec 12||Bullish Engulfing||Bullish||0.31%|
|Dec 12||Stochastic Reached Oversold||Other||0.31%|
|Dec 12||NR7||Range Contraction||0.31%|
|Dec 12||Wide Bands||Range Expansion||0.31%|
|Dec 12||Oversold Stochastic||Weakness||0.31%|
|Dec 11||50 DMA Resistance||Bearish||0.92%|
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Oritani Financial Corp. operates as the holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in New Jersey. It offers a range of deposit products, including demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. The company also provides various loan products comprising one to four family residential mortgage loans, non-residential commercial real estate mortgage loans and loans on multifamily dwellings, second mortgage and equity loans, home equity lines of credit, construction loans, and consumer loans; and other loans consisting of business loans secured by cash and other business assets, account loans, and commercial line of credit loans. In addition, it provides investment securities, as well as engages in various real estate investment activities. As of July 25, 2012, the company operated 24 full service branches in Bergen, Hudson, Essex, and Passaic counties of New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in the Township of Washington, New Jersey.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||17.912|
|52 Week Low||14.7351|
|200-Day Moving Average||16.1108|
|50-Day Moving Average||16.3567|
|20-Day Moving Average||16.4138|
|10-Day Moving Average||16.5125|
|Average True Range||0.3428|
|Chandelier Exit (Long, 3 ATRs )||16.2017|
|Chandelier Exit (Short, 3 ATRs )||16.6036|
|Upper Bollinger Band||16.9368|
|Lower Bollinger Band||15.8908|
|Percent B (%b)||0.49|
|MACD Signal Line||0.0797|
|Market Cap||719.37 Million|
|Num Shares||43.9 Million|
|Price-to-Earnings (P/E) Ratio||14.91|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||16.93|
|Resistance 3 (R3)||16.95||16.80||16.84|
|Resistance 2 (R2)||16.80||16.67||16.79||16.81|
|Resistance 1 (R1)||16.60||16.58||16.70||16.58||16.78|
|Support 1 (S1)||16.25||16.32||16.35||16.23||16.02|
|Support 2 (S2)||16.10||16.23||16.09||15.99|
|Support 3 (S3)||15.90||16.10||15.96|
|Support 4 (S4)||15.88|