Learn to Evaluate (OFG) using the Charts
June 13, 2024, 17:00 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OFG
- Buy OFG slightly over 35.52 target 38.28 stop loss @ 35.42 Details
The technical summary data tells us to buy OFG near 35.52 with an upside target of 38.28. This data also tells us to set a stop loss @ 35.42 to protect against excessive loss in case the stock begins to move against the trade. 35.52 is the first level of support below 36.32 , and by rule, any test of support is a buy signal. In this case, support 35.52 would be being tested, so a buy signal would exist.
- Short OFG slightly under 38.28, target 35.52, stop loss @ 38.39 Details
The technical summary data is suggesting a short of OFG as it gets near 38.28 with a downside target of 35.52. We should have a stop loss in place at 38.39though. 38.28 is the first level of resistance above 36.32, and by rule, any test of resistance is a short signal. In this case, if resistance 38.28 is being tested, so a short signal would exist.
Swing Trading Plans for OFG
- Buy OFG slightly over 36.89, target 38.28, Stop Loss @ 36.78 Details
If 36.89 begins to break higher, the technical summary data tells us to buy OFG just slightly over 36.89, with an upside target of 38.28. The data also tells us to set a stop loss @ 36.78 in case the stock turns against the trade. 36.89 is the first level of resistance above 36.32, and by rule, any break above resistance is a buy signal. In this case, 36.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OFG slightly near 36.89, target 35.91, Stop Loss @ 37. Details
The technical summary data is suggesting a short of OFG if it tests 36.89 with a downside target of 35.91. We should have a stop loss in place at 37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for OFG
- Buy OFG slightly over 36.89, target 37.17, Stop Loss @ 36.8 Details
If 36.89 begins to break higher, the technical summary data tells us to buy OFG just slightly over 36.89, with an upside target of 37.17. The data also tells us to set a stop loss @ 36.8 in case the stock turns against the trade. 36.89 is the first level of resistance above 36.32, and by rule, any break above resistance is a buy signal. In this case, 36.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OFG slightly near 36.89, target 36.23, Stop Loss @ 36.98. Details
The technical summary data is suggesting a short of OFG if it tests 36.89 with a downside target of 36.23. We should have a stop loss in place at 36.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Ofg Bancorp (OFG) available here: OFG.
OFG Ratings for June 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
35.52 |
| P2 |
36.23 |
35.91 |
38.28 |
| P3 |
37.17 |
36.89 |
41.13 |
AI Generated Signals for OFG
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Ofg Bancorp (NYSE: OFG) report below can help you understand how to do this. The trading plans for OFG, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for OFG:
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