Oxford Lane Capital Corp. 5.00% Notes Stock Forecast

Oxford Lane Capital Corp. 5.00% Notes stock price down 0.0431% on Friday
(Updated on Jun 28, 2024)

OXLCZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.216%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Oxford Lane Capital Corp. 5.00% Notes 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 $23.26 and $23.28. 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). Oxford Lane Capital Corp. 5.00% Notes gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 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.

Support, Risk & Stop-loss for Oxford Lane Capital Corp. 5.00% Notes stock

Oxford Lane Capital Corp. 5.00% Notes finds support from accumulated volume at $23.16 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 $0.0600 between high and low, or 0.259%. For the last week the stock has had daily average volatility of 0.335%.

Our recommended stop-loss: $22.03 (-5.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (OXLCZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Oxford Lane Capital Corp. 5.00% Notes Due 2027 to open at $23.20, and during the day (based on 14 day Average True Range), to move between $23.09 and $23.31, which gives a possible trading interval of +/-$0.106 (+/-0.46%) up or down from last closing price. If Oxford Lane Capital Corp. 5.00% Notes Due 2027 takes out the full calculated possible swing range there will be an estimated 0.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.16 (0.17%) than the resistance at $23.24 (0.18%), 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. 5.00% Notes Due 2027 stock A Buy?

Oxford Lane Capital Corp. 5.00% Notes holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.352 Hold/Accumulate Unchanged

Predicted Opening Price for Oxford Lane Capital Corp. 5.00% Notes Due 2027 of Monday, July 1, 2024

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