Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of OFC will - over the next 2 Weeks and hit - by . In that time frame, OFC's share price is expected to range between - and -.
BearishAverageBullishOFC shares rose +1.59% in Thursday, September 14, 2023's trading session, rising from a previous close of $24.55 to move at $24.94. The stock demonstrated notable intraday movement (see OFC's key stats for a full breakdown), fluctuating between $24.74 and $25.02, a +1.13% trading range. While recent weeks have seen some volatility, OFC has managed to secure a +4.66% gain over the past 2 weeks. The upward price movement was accompanied by increased trading volume, with approximately 833.1K shares changing hands, 78.53K more than the previous session. This amounted to $20.78M in total market activity.
Will OFC Continue Its Trend?
According to analyst ratings and projections for OFC, Corporate Office Properties Trust shares are anticipated to remain stable by -, potentially reaching - per share by January 1, 1970. Short-term technical indicators for OFC currently suggest a bearish sentiment. Despite this, the stock appears to be in a state of indecision, having seen 15 positive and 15 negative trading days over the last 30 sessions. Based on the OFC stock forecast, now is not the best time to buy OFC stock because its current trading price is - our predicted value, hinting at a possible . For deeper insights, view our sentiment analysis on OFC covering social and institutional perspectives.
OFC Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into OFC's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 48.11% to 55.44%) suggest the stock is in a neutral to slightly bearish momentum phase. The 50-day RSI, at 48.55%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 48.98%, maintains a neutral outlook for the long term. Insights into OFC's shareholder base show how institutional investors are positioning themselves during these momentum shifts