Oceanfirst Financial Corp. Stock Forecast
Oceanfirst Financial Corp. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Oceanfirst Financial Corp. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $24.80 to a day high of $24.80. The price has risen in 5 of the last 10 days and is up by 0.81% over the past 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Oceanfirst Financial Corp. stock with a 90% probability to be traded between $24.49 and $25.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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OCFCP Signals & Forecast
The Oceanfirst Financial Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.76 and $24.64. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 26, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 26, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 26, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Oceanfirst Financial Corp. stock
Oceanfirst Financial Corp. finds support from accumulated volume at $24.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.145%
Our recommended stop-loss: $23.83 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (OCFCP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Oceanfirst Financial Corp. to open at $24.80, and during the day (based on 14 day Average True Range), to move between $24.70 and $24.90, which gives a possible trading interval of +/-$0.104 (+/-0.42%) up or down from last closing price. If Oceanfirst Financial Corp. takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.89 (0.36%) than the support at $24.61 (0.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Oceanfirst Financial Corp. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Oceanfirst Financial Corp. stock to perform well in the short-term period.
Current score: 1.209 Buy Candidate Unchanged
Predicted Opening Price for Oceanfirst Financial Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.80 ( 0%) | $24.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OCFCP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.80 | - |
| R2 | 24.80 | - |
| R1 | 24.80 | - |
| Price | 24.80 | |
| S1 | 24.80 | - |
| S2 | 24.80 | - |
| S3 | 24.80 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 24.89 | 0.363% |
| Price | 24.80 | |
| S1 | 24.61 | -0.766% |
| S2 | 24.50 | -1.21% |
| S3 | 24.45 | -1.41% |
OCFCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 29, 2024 | May 15, 2024 | $0.438 | 1.79% |
| 2 | Jan 17, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.438 | 1.77% |
| 3 | Oct 18, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.438 | 1.84% |
| 4 | Jul 18, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.438 | 1.86% |
| 5 | Apr 18, 2023 | Apr 27, 2023 | May 15, 2023 | $0.438 | 2.02% |
FAQ
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