Oxford Lane Capital Corp. Stock 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
Green day on Thursday for Oxford Lane Capital Corp. stock after gaining 0.592%
(Updated on May 02, 2024)
The Oxford Lane Capital Corp. stock price gained 0.592% on the last trading day (Thursday, 2nd May 2024), rising from $5.07 to $5.10. During the last trading day the stock fluctuated 0.396% from a day low at $5.08 to a day high of $5.10. The price has risen in 5 of the last 10 days and is up by 2.2% over the past 2 weeks. Volume fell on the last day by -620 thousand shares and in total, 1 million shares were bought and sold for approximately $5.93 million. 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 stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.48% during the next 3 months and, with a 90% probability hold a price between $4.70 and $4.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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OXLC Signals & Forecast
The Oxford Lane Capital Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.01 and $5.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.82%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, April 03, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 03, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Oxford Lane Capital Corp. stock
Oxford Lane Capital Corp. finds support from accumulated volume at $5.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0201 between high and low, or 0.396%. For the last week the stock has had daily average volatility of 0.80%.
Our recommended stop-loss: $4.86 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (OXLC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Oxford Lane Capital Corp. to open at $5.09, and during the day (based on 14 day Average True Range), to move between $5.05 and $5.15, which gives a possible trading interval of +/-$0.0485 (+/-0.95%) 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 1.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.09 (0.20%) than the resistance at $5.13 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Oxford Lane Capital Corp. stock A Buy?
Oxford Lane Capital Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.472 Hold/Accumulate Unchanged
Predicted Opening Price for Oxford Lane Capital Corp. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $5.09 ( 0.131%) | $5.10 |
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 | 5.11 | 0.263 % | |
| R2 | 5.11 | 0.112 % | ||
| R1 | 5.10 | 0.0192 % | ||
| Current price: | 5.10 | |||
| Support | S1 | 5.09 | -0.282 % | |
| S2 | 5.08 | -0.375 % | ||
| S3 | 5.07 | -0.525 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.16 | 1.18 % | |
| R2 | 5.15 | 0.98 % | ||
| R1 | 5.13 | 0.588 % | ||
| Current price | 5.10 | |||
| Support | S1 | 5.09 | -0.196% | |
| S2 | 5.08 | -0.392% | ||
| S3 | 5.06 | -0.784% |
OXLC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.0800 | 1.57% |
| 2 | Jan 30, 2024 | May 16, 2024 | May 31, 2024 | $0.0800 | 1.57% |
| 3 | Apr 15, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0800 | 1.60% |
| 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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