Ofs Capital Corp 4.95% Notes Due 2028 Stock Forecast

Ofs Capital Corp 4.95% Notes Due 2028 stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)

OFSSH Signals & Forecast

There are few to no technical positive signals at the moment. The Ofs Capital Corp 4.95% Notes Due 2028 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 $22.30 and $22.12. 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 -1.38%. 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 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, December 13, 2023 in the long-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.

Buy

Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, May 02, 2024 with a target of $21.98. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Ofs Capital Corp 4.95% Notes Due 2028 stock

Ofs Capital Corp 4.95% Notes Due 2028 finds support from accumulated volume at $22.05 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%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OFSSH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ofs Capital Corporation 4.95% Notes Due 2028 to open at $22.09, and during the day (based on 14 day Average True Range), to move between $21.93 and $22.25, which gives a possible trading interval of +/-$0.162 (+/-0.73%) up or down from last closing price. If Ofs Capital Corporation 4.95% Notes Due 2028 takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.05 (0.18%) than the resistance at $22.14 (0.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ofs Capital Corporation 4.95% Notes Due 2028 stock A Buy?

Ofs Capital Corp 4.95% Notes Due 2028 holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.872 Sell Candidate Downgraded

Predicted Opening Price for Ofs Capital Corporation 4.95% Notes Due 2028 of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.