Ofs Credit Company, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ofs Credit Company, Inc. stock price up 0.107% on Friday
(Updated on Jun 28, 2024)
The Ofs Credit Company, Inc. stock price gained 0.107% on the last trading day (Friday, 28th Jun 2024), rising from $23.15 to $23.18. During the last trading day the stock fluctuated 0% from a day low at $23.18 to a day high of $23.18. The price has been going up and down for this period, and there has been a -0.6% loss for the last 2 weeks. Volume fell on the last day by -761 shares and in total, 109 shares were bought and sold for approximately $2.53 thousand. 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 stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.16 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.38% during the next 3 months and, with a 90% probability hold a price between $23.71 and $23.98 at the end of this 3-month period.
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OCCIN Signals & Forecast
There are few to no technical positive signals at the moment. The Ofs Credit Company, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.24 and $23.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -0.749%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 10, 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 Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 10, 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 Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 10, 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 Ofs Credit Company, Inc. stock
Ofs Credit Company, Inc. finds support from accumulated volume at $22.89 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 0.152%
Our recommended stop-loss: $21.64 (-6.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (OCCIN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ofs Credit Company, Inc. to open at $23.18, and during the day (based on 14 day Average True Range), to move between $23.10 and $23.25, which gives a possible trading interval of +/-$0.0701 (+/-0.30%) up or down from last closing price. If Ofs Credit Company, Inc. takes out the full calculated possible swing range there will be an estimated 0.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.21 (0.15%) than the support at $22.89 (1.23%), 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 Ofs Credit Company, Inc. stock A Buy?
Ofs Credit Company, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.787 Hold/Accumulate Unchanged
Predicted Opening Price for Ofs Credit Company, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.18 ( 0%) | $23.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OCCIN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.18 | - |
| R2 | 23.18 | - |
| R1 | 23.18 | - |
| Price | 23.18 | |
| S1 | 23.18 | - |
| S2 | 23.18 | - |
| S3 | 23.18 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.32 | 0.626% |
| R2 | 23.25 | 0.324% |
| R1 | 23.21 | 0.151% |
| Price | 23.18 | |
| S1 | 22.89 | -1.23% |
| S2 | 22.86 | -1.36% |
| S3 | 22.71 | -2.01% |
OCCIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Jul 19, 2024 | Jul 31, 2024 | $0.109 | 0.472% |
| 2 | Feb 01, 2024 | Jul 18, 2024 | Jul 31, 2024 | $0.109 | 0.472% |
| 3 | Feb 01, 2024 | Jun 18, 2024 | Jun 28, 2024 | $0.109 | 0.472% |
| 4 | Feb 01, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.109 | 0.472% |
| 5 | Feb 01, 2024 | May 20, 2024 | May 31, 2024 | $0.109 | 0.470% |
FAQ
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