Oxford Lane Capital Corp. Stock Forecast
Oxford Lane Capital Corp. stock price down 0% on Monday
(Updated on Apr 22, 2024)
No changes to the price of Oxford Lane Capital Corp. stock on the last trading day (Monday, 22nd Apr 2024). During the last trading day the stock fluctuated 0.81% from a day low at $4.95 to a day high of $4.99. The price has fallen in 6 of the last 10 days and is down by -3.5% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.24% during the next 3 months and, with a 90% probability hold a price between $4.75 and $4.98 at the end of this 3-month period.
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OXLC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Oxford Lane Capital Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.00 and $5.08. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Oxford Lane Capital Corp. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0400 between high and low, or 0.81%. For the last week the stock has had daily average volatility of 0.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OXLC) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Oxford Lane Capital Corp. to open at $4.97, and during the day (based on 14 day Average True Range), to move between $4.91 and $5.01, which gives a possible trading interval of +/-$0.0540 (+/-1.09%) up or down from last closing price. If Oxford Lane Capital Corp. takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.06, some $0.1000 (2.02%) from the current price of $4.96, our system finds the risk reward not very attractive.
Earnings coming up
Oxford Lane Capital Corp. will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for Oxford Lane Capital Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.71% in the first trading day after earnings release.
Is Oxford Lane Capital Corp. stock A Buy?
Oxford Lane Capital Corp. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.145 Sell Candidate Unchanged
Predicted Opening Price for Oxford Lane Capital Corp. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $4.97 ( 0.134%) | $4.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXLC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.01 | 0.94 % | |
| R2 | 4.99 | 0.633 % | ||
| R1 | 4.98 | 0.442 % | ||
| Current price: | 4.96 | |||
| Support | S1 | 4.95 | -0.174 % | |
| S2 | 4.94 | -0.364 % | ||
| S3 | 4.93 | -0.672 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.09 | 2.62 % | |
| R2 | 5.08 | 2.42 % | ||
| R1 | 5.06 | 2.02 % | ||
| Current price | 4.96 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
OXLC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.0800 | 1.61% |
| 2 | Jan 30, 2024 | May 16, 2024 | May 31, 2024 | $0.0800 | 1.61% |
| 3 | Apr 15, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0800 | 1.61% |
| 4 | Oct 26, 2023 | Mar 14, 2024 | Mar 31, 2024 | $0.0800 | 1.57% |
| 5 | Oct 26, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.0800 | 1.57% |
FAQ
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