Oxbridge Re Holdings Ltd. Wt Exp ETF Forecast

Big movements in Oxbridge Re Holdings Ltd. Wt Exp ETF price on Friday moving 69.73% between high and low
(Updated on Jun 14, 2024)

OXBRW Signals & Forecast

The Oxbridge Re Holdings Ltd. Wt Exp ETF 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 $0.115 and $0.0823. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 76.26%. Further rise is indicated until a new top pivot has been found. Oxbridge Re Holdings Ltd. Wt Exp 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 $0.140 and $0.120. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.120 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 $0.0698 between high and low, or 69.73%. For the last week, the ETF has had daily average volatility of 13.95%.

Our recommended stop-loss: $0.145 (-3.60%) (This ETF has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (OXBRW) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 to open at $0.140, and during the day (based on 14 day Average True Range), to move between $0.132 and $0.168, which gives a possible trading interval of +/-$0.0182 (+/-12.15%) 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 24.29% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.140, some $0.0101 (6.73%) from the current price of $0.150, our system finds the risk reward attractive.

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

Oxbridge Re Holdings Ltd. Wt Exp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.546 Strong Buy Candidate Upgraded

Predicted Opening Price for Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 of Monday, June 17, 2024

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