Oxford Lane Capital Corp. Stock Forecast
Red day on Thursday for Oxford Lane Capital Corp.
(Updated on May 02, 2024)
No changes to the price of Oxford Lane Capital Corp. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 0% from a day low at $22.25 to a day high of $22.25. The price has risen in 5 of the last 10 days and is up by 0.23% over the past 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Oxford Lane Capital Corp. stock with a 90% probability to be traded between $22.03 and $22.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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OXLCO 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. 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 $22.19 and $22.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 01, 2023.
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 Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 01, 2023.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 12 Months
The stock had a Golden Star Signal on Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 01, 2023.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.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -3.39% to $21.50 within 11 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Oxford Lane Capital Corp. stock
Oxford Lane Capital Corp. finds support from accumulated volume at $22.24 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.336%
Our recommended stop-loss: $21.02 (-5.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (OXLCO) 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 $22.25, and during the day (based on 14 day Average True Range), to move between $22.10 and $22.40, which gives a possible trading interval of +/-$0.153 (+/-0.69%) 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 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.24 (0.04%) than the resistance at $22.35 (0.45%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Oxford Lane Capital Corp. stock to perform well in the short-term period.
Current score: 3.476 Buy Candidate Unchanged
Predicted Opening Price for Oxford Lane Capital Corp. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $22.25 ( 0%) | $22.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXLCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.25 | . | |
| R2 | 22.25 | . | ||
| R1 | 22.25 | . | ||
| Current price: | 22.25 | |||
| Support | S1 | 22.25 | . | |
| S2 | 22.25 | . | ||
| S3 | 22.25 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.39 | 0.629 % | |
| R2 | 22.36 | 0.494 % | ||
| R1 | 22.35 | 0.449 % | ||
| Current price | 22.25 | |||
| Support | S1 | 22.24 | -0.0449% | |
| S2 | 22.15 | -0.449% | ||
| S3 | 22.02 | -1.03% |
OXLCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | May 16, 2024 | May 31, 2024 | $0.125 | 0.562% |
| 2 | Jan 31, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.125 | 0.563% |
| 3 | Jan 25, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.125 | 0.562% |
| 4 | Nov 10, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.125 | 0.563% |
| 5 | Oct 26, 2023 | Jan 16, 2024 | Jan 31, 2024 | $0.125 | 0.562% |
FAQ
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