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 ended at $24.26 on Friday, after losing 0%.
(Updated on May 17, 2024)
No changes to the price of OFS Credit Company, Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $24.26 to a day high of $24.26. The price has risen in 5 of the last 10 days and is up by 1.05% over the past 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $24.26 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect OFS Credit Company, Inc. stock with a 90% probability to be traded between $23.86 and $24.45 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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OCCIO Signals & Forecast
The OFS Credit Company, Inc. 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 $24.13 and $23.97. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 08, 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 Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 08, 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 Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 08, 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 $24.12 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 0.332%
Our recommended stop-loss: $23.41 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (OCCIO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect OFS Credit Company, Inc. to open at $24.26, and during the day (based on 14 day Average True Range), to move between $24.12 and $24.40, which gives a possible trading interval of +/-$0.144 (+/-0.59%) 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 1.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $24.12, some $0.140 (0.58%) from the current price of $24.26, our system finds the risk reward attractive.
Is OFS Credit Company, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for OFS Credit Company, Inc. stock to perform well in the short-term period.
Current score: 1.635 Buy Candidate Unchanged
Predicted Opening Price for OFS Credit Company, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $24.26 ( 0%) | $24.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OCCIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.26 | . | |
| R2 | 24.26 | . | ||
| R1 | 24.26 | . | ||
| Current price: | 24.26 | |||
| Support | S1 | 24.26 | . | |
| S2 | 24.26 | . | ||
| S3 | 24.26 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 24.26 | |||
| Support | S1 | 24.12 | -0.577% | |
| S2 | 24.09 | -0.686% | ||
| S3 | 24.01 | -1.03% |
OCCIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2024 | Jul 18, 2024 | Jul 31, 2024 | $0.128 | 0.526% |
| 2 | Jun 17, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.128 | 0.526% |
| 3 | May 20, 2024 | May 20, 2024 | May 31, 2024 | $0.128 | 0.526% |
| 4 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.128 | 0.532% |
| 5 | Feb 01, 2024 | Mar 18, 2024 | Mar 29, 2024 | $0.128 | 0.534% |
FAQ
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