Oxbridge Re Holdings Ltd. Wt Exp ETF Forecast

Is Oxbridge Re Holdings Ltd. Wt Exp ETF still a buy after falling -38.83% on Tuesday?
(Updated on Jul 02, 2024)

OXBRW Signals & Forecast

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. The Oxbridge Re Holdings Ltd. Wt Exp ETF 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 $0.145 and $0.120. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -44.92%. Further fall is indicated until a new bottom pivot has been found. Oxbridge Re Holdings Ltd. Wt Exp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Oxbridge Re Holdings Ltd. Wt Exp ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $0.101 and $0.0851. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0851 may give a huge drop in the ETF price.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $0.0099 between high and low, or 8.99%. For the last week, the ETF has had daily average volatility of 26.74%.

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

Trading Expectations (OXBRW) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 to open at $0.113, and during the day (based on 14 day Average True Range), to move between $0.0782 and $0.142, which gives a possible trading interval of +/-$0.0319 (+/-28.99%) up or down from last closing price. If Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 takes out the full calculated possible swing range there will be an estimated 57.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.101 (8.27%) than the resistance at $0.120 (8.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 ETF A Buy?

The Oxbridge Re Holdings Ltd. Wt Exp ETF holds several negative signals and despite the positive trend, we believe Oxbridge Re Holdings Ltd. Wt Exp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Sell candidate.

Current score: -5.594 Strong Sell Candidate Downgraded

Predicted Opening Price for Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 of Wednesday, July 3, 2024

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