What’s Ahead for Oconee Federal Financial Corp. (OFED) After Forming Ascending Triangle Chart Pattern?

December 8, 2017 - By Kurt Siggers

Investors sentiment increased to 19 in 2017 Q2. Its up 18.50, from 0.5 in 2017Q1. It is positive, as 1 investors sold Oconee Federal Financial Corp. shares while 0 reduced holdings. 17 funds opened positions while 2 raised stakes. 278,922 shares or 178.94% more from 99,995 shares in 2017Q1 were reported.
Tower Research Cap Ltd Llc (Trc) has invested 0% of its portfolio in Oconee Federal Financial Corp. (NASDAQ:OFED). Deutsche Bank Ag holds 0% of its portfolio in Oconee Federal Financial Corp. (NASDAQ:OFED) for 1,384 shares. Panagora Asset Mngmt Incorporated has 365 shares. Legal General Gp Public Limited Com owns 411 shares. Barclays Public Limited Company invested in 1 shares or 0% of the stock. California State Teachers Retirement Systems invested 0% in Oconee Federal Financial Corp. (NASDAQ:OFED). 10 were reported by Jpmorgan Chase. Morgan Stanley accumulated 0% or 1,099 shares. Minerva Advsrs Ltd stated it has 22,902 shares or 0.35% of all its holdings. Bnp Paribas Arbitrage Sa holds 131 shares or 0% of its portfolio. State Common Retirement Fund invested in 0% or 3,700 shares. Arbiter Prns Capital Mngmt Ltd reported 0.15% stake. Citigroup Incorporated has 0% invested in Oconee Federal Financial Corp. (NASDAQ:OFED) for 638 shares. Tiaa Cref Mgmt Limited Liability Corporation holds 0% of its portfolio in Oconee Federal Financial Corp. (NASDAQ:OFED) for 1,990 shares. Strs Ohio has 400 shares.

The stock of Oconee Federal Financial Corp. (OFED) formed an ascending triangle with $27.10 target or 8.00 % below today’s $29.46 share price. The 6 months triangle pattern indicates high risk for the $166.94 million company. If the $27.10 price target is reached, the company will be worth $13.35M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.20% or $0.06 during the last trading session, reaching $29.46. About 782 shares traded. Oconee Federal Financial Corp. (NASDAQ:OFED) has risen 41.16% since December 8, 2016 and is uptrending. It has outperformed by 24.46% the S&P500.

More important recent Oconee Federal Financial Corp. (NASDAQ:OFED) news were published by: Marketwatch.com which released: “Oconee Federal Financial Corp.” on February 11, 2011, also Seekingalpha.com published article titled: “Oconee Federal Financial – Well Capitalized And Profitable Bank With A Dual …”, Businesswire.com published: “Oconee Federal Financial Corp. Announces Agreement to Acquire Stephens Federal …” on February 27, 2014. More interesting news about Oconee Federal Financial Corp. (NASDAQ:OFED) was released by: Businesswire.com and their article: “Oconee Federal Financial Corp. Announces Appointment of New Chief Financial …” with publication date: March 30, 2017.

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