Oxford Instruments plc Stock Forecast
Weaker technical forecast for Oxford Instruments plc as stock downgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Oxford Instruments plc stock price gained 2.06% on the last trading day (Thursday, 25th Apr 2024), rising from £2,180.00 to £2,225.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.76% from a day low at £2,170.00 to a day high of £2,230.00. The price has risen in 6 of the last 10 days and is up by 6.46% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 65 thousand shares were bought and sold for approximately £144.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £2,162.83, a level that may pose a second chance to hit a runner. According to fan-theory £2,311.16 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OXIG.L Signals & Forecast
The Oxford Instruments plc 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 £2,123.57 and £2,102.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 8.01%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-term chart.
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, February 23, 2024 in the short-term chart.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 Oxford Instruments plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £2,075.00 and £2,070.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Oxford Instruments plc finds support just below today's level at £2,075.00. If this is broken, then the next support from accumulated volume will be at £2,070.00 and £2,060.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £60.00 between high and low, or 2.76%. For the last week the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: £2,129.79 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (OXIG.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Oxford Instruments plc to open at £2,208.33, and during the day (based on 14 day Average True Range), to move between £2,143.70 and £2,306.30, which gives a possible trading interval of +/-£81.30 (+/-3.65%) up or down from last closing price. If Oxford Instruments plc takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £2,075.00, some £150.00 (6.74%) from the current price of £2,225.00, our system finds the risk reward attractive.
Is Oxford Instruments plc stock A Buy?
Oxford Instruments plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Oxford Instruments plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £2,208.33 ( 0.749%) | £2,225.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXIG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,268.33 | 1.95 % | |
| R2 | 2,245.41 | 0.92 % | ||
| R1 | 2,231.25 | 0.281 % | ||
| Current price: | 2,225.00 | |||
| Support | S1 | 2,185.41 | -1.78 % | |
| S2 | 2,171.25 | -2.42 % | ||
| S3 | 2,148.33 | -3.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,225.00 | |||
| Support | S1 | 2,075.00 | -6.74% | |
| S2 | 2,070.00 | -6.97% | ||
| S3 | 2,060.00 | -7.42% |
OXIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £14.90 | 0.626% |
| 3 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £14.90 | 0.574% |
| 4 | Nov 08, 2022 | Dec 01, 2022 | Jan 13, 2023 | £4.60 | 0.204% |
| 5 | Jun 14, 2022 | Jul 14, 2022 | Aug 23, 2022 | £13.70 | 0.686% |
FAQ
Click here for our free guide on how to buy Oxford Instruments plc Stock.
