Oxbridge Re Holdings Ltd. Wt Exp ETF 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
A very strong day for Oxbridge Re Holdings Ltd. Wt Exp ETF price on Tuesday
(Updated on Jun 25, 2024)
The Oxbridge Re Holdings Ltd. Wt Exp ETF price gained 9.09% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.165 to $0.180. During the last trading day the ETF fluctuated 0% from a day low at $0.180 to a day high of $0.180. The price has risen in 5 of the last 10 days and is up by 111.52% over the past 2 weeks. Volume fell on the last day by -450 shares and in total, 200 shares were bought and sold for approximately $36.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 315.39% during the next 3 months and, with a 90% probability hold a price between $0.488 and $0.86 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.180 ( 0.00000000%) | $0.180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXBRW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.180 | 0.00000000% |
| R2 | 0.180 | 0.00000000% |
| R1 | 0.180 | 0.00000000% |
| Price | 0.180 | |
| S1 | 0.180 | 0.00000000% |
| S2 | 0.180 | 0.00000000% |
| S3 | 0.180 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.200 | 11.06% |
| R1 | 0.181 | 0.778% |
| Price | 0.180 | |
| S1 | 0.165 | -8.33% |
| S2 | 0.150 | -16.67% |
| S3 | 0.140 | -22.28% |
FAQ
Click here for our free guide on how to buy Oxbridge Re Holdings Ltd. Wt Exp 3/26/2019 ETF.
