Oxbridge Re Holdings Limited 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
Oxbridge Re Holdings Limited stock price ended at $1.18 on Friday, after gaining 0.85%.
(Updated on May 03, 2024)
The Oxbridge Re Holdings Limited stock price gained 0.85% on the last trading day (Friday, 3rd May 2024), rising from $1.17 to $1.18. 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 4.35% from a day low at $1.15 to a day high of $1.20. The price has risen in 6 of the last 10 days and is up by 13.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $24.92 thousand.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.17, a level that may pose a second chance to hit a runner. According to fan-theory $1.38 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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OXBR Signals & Forecast
Mostly positive signals in the chart today. The Oxbridge Re Holdings Limited 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 $1.10 and $1.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 18.00%. 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). Oxbridge Re Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 30, 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 Tuesday, April 30, 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 Oxbridge Re Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.09 and $1.06. 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, Oxbridge Re Holdings Limited finds support just below today's level at $1.09. If this is broken, then the next support from accumulated volume will be at $1.06 and $1.03.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0500 between high and low, or 4.35%. For the last week, the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: $1.14 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (OXBR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Oxbridge Re Holdings Limited to open at $1.18, and during the day (based on 14 day Average True Range), to move between $1.12 and $1.24, which gives a possible trading interval of +/-$0.0605 (+/-5.12%) up or down from last closing price. If Oxbridge Re Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.09, some $0.0900 (7.63%) from the current price of $1.18, our system finds the risk reward attractive.
Earnings coming up
Oxbridge Re Holdings Limited will release earnings AMC on Thursday, May 09, 2024. We will update the financials statements for Oxbridge Re Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.19% in the first trading day after earnings release.
Is Oxbridge Re Holdings Limited stock A Buy?
Oxbridge Re Holdings Limited holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.438 Strong Buy Candidate Unchanged
Predicted Opening Price for Oxbridge Re Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.18 ( 0.282%) | $1.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.23 | 3.95 % | |
| R2 | 1.21 | 2.34 % | ||
| R1 | 1.20 | 1.34 % | ||
| Current price: | 1.18 | |||
| Support | S1 | 1.16 | -1.90 % | |
| S2 | 1.15 | -2.90 % | ||
| S3 | 1.13 | -4.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.18 | |||
| Support | S1 | 1.09 | -7.63% | |
| S2 | 1.06 | -10.17% | ||
| S3 | 1.03 | -12.71% |
OXBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 21, 2017 | Sep 21, 2017 | Sep 30, 2017 | $0.120 | 3.08% |
| 2 | May 17, 2017 | Jun 21, 2017 | Jun 30, 2017 | $0.120 | 2.12% |
| 3 | Jan 25, 2017 | Mar 15, 2017 | Mar 30, 2017 | $0.120 | 1.90% |
| 4 | Dec 16, 2016 | Dec 21, 2016 | Dec 30, 2016 | $0.120 | 2.00% |
| 5 | Aug 15, 2016 | Sep 21, 2016 | Sep 30, 2016 | $0.120 | 2.40% |
FAQ
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