Oxbridge Re Holdings Ltd. Wt Exp ETF Forecast

A very strong day for Oxbridge Re Holdings Ltd. Wt Exp ETF price on Tuesday
(Updated on Jun 25, 2024)

OXBRW Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -9.95%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. 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 $0.179 and $0.106. A breakdown below any of these levels will issue sell signals.

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 $0.165 and $0.150. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Oxbridge Re Holdings Ltd. Wt Exp finds support just below today's level at $0.165. If this is broken, then the next support from accumulated volume will be at $0.150 and $0.140.

This ETF may move very much during the day (volatility) and with periodic low trading volume this ETF is considered to be "very high risk". During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 2.01%.

Our recommended stop-loss: $0.170 (-5.32%) (This ETF has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (OXBRW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 to open at $0.180, and during the day (based on 14 day Average True Range), to move between $0.160 and $0.200, which gives a possible trading interval of +/-$0.0202 (+/-11.22%) 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 22.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.181 (0.78%) than the support at $0.165 (8.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Oxbridge Re Holdings Ltd. Wt Exp ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.752 Buy Candidate Upgraded

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

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