Oxford Square Capital Corp. Stock Forecast
Green day on Thursday for Oxford Square Capital Corp.
(Updated on Mar 28, 2024)
The Oxford Square Capital Corp. stock price gained 0.96% on the last trading day (Thursday, 28th Mar 2024), rising from $3.14 to $3.17. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.92% from a day low at $3.12 to a day high of $3.18. The price has been going up and down for this period, and there has been a 2.59% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately $676.76 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.25% during the next 3 months and, with a 90% probability hold a price between $3.19 and $3.41 at the end of this 3-month period.
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OXSQ Signals & Forecast
The Oxford Square 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 $3.08 and $3.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 5.32%. Further rise is indicated until a new top pivot has been found. Oxford Square Capital Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for Oxford Square Capital Corp. stock
Oxford Square Capital Corp. finds support from accumulated volume at $3.09 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 $0.0600 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $3.02 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (OXSQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Oxford Square Capital Corp. to open at $3.16, and during the day (based on 14 day Average True Range), to move between $3.12 and $3.22, which gives a possible trading interval of +/-$0.0508 (+/-1.60%) up or down from last closing price. If Oxford Square Capital Corp. takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.19 (0.63%) than the support at $3.09 (2.52%), 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 Oxford Square Capital Corp. stock 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 Oxford Square Capital Corp. stock to perform well in the short-term.
Current score: 2.558 Buy Candidate Unchanged
Predicted Opening Price for Oxford Square Capital Corp. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$3.16 ( 0.421%) | $3.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXSQ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.22 | 1.47 % | |
R2 | 3.19 | 0.749 % | ||
R1 | 3.18 | 0.302 % | ||
Current price: | 3.17 | |||
Support | S1 | 3.13 | -1.14 % | |
S2 | 3.12 | -1.59 % | ||
S3 | 3.10 | -2.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 3.21 | 1.26 % | ||
R1 | 3.19 | 0.631 % | ||
Current price | 3.17 | |||
Support | S1 | 3.09 | -2.52% | |
S2 | 3.06 | -3.47% | ||
S3 | 3.05 | -3.79% |
OXSQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0350 | 1.10% |
2 | Nov 02, 2023 | Mar 14, 2024 | Mar 29, 2024 | $0.0350 | 1.10% |
3 | Nov 02, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.0350 | 1.13% |
4 | Nov 02, 2023 | Jan 16, 2024 | Jan 31, 2024 | $0.0350 | 1.15% |
5 | Aug 03, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0400 | 1.40% |
FAQ
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