Oxford Square Capital Corp. Stock Forecast
Oxford Square Capital Corp. stock price down 0.93% on Friday
(Updated on May 03, 2024)
The Oxford Square Capital Corp. stock price fell by -0.93% on the last day (Friday, 3rd May 2024) from $3.21 to $3.18. During the last trading day the stock fluctuated 1.58% from a day low at $3.16 to a day high of $3.21. The price has risen in 5 of the last 10 days and is up by 0.63% over the past 2 weeks. Volume has increased on the last day by 96 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 325 thousand shares were bought and sold for approximately $1.03 million.
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 4.78% during the next 3 months and, with a 90% probability hold a price between $3.24 and $3.45 at the end of this 3-month period.
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OXSQ Signals & Forecast
The Oxford Square Capital Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.22. On a fall, the stock will find some support from the long-term average at approximately $3.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -3.34%. Further fall is indicated until a new bottom pivot has been found. Oxford Square Capital Corp. 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".
Support, Risk & Stop-loss for Oxford Square Capital Corp. stock
Oxford Square Capital Corp. finds support from accumulated volume at $3.17 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 $0.0500 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $3.05 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (OXSQ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Oxford Square Capital Corp. to open at $3.18, and during the day (based on 14 day Average True Range), to move between $3.13 and $3.23, which gives a possible trading interval of +/-$0.0514 (+/-1.62%) 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 3.23% 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 (0.31%) than the support at $3.17 (0.31%), 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?
Oxford Square 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: 0.822 Hold/Accumulate Unchanged
Predicted Opening Price for Oxford Square Capital Corp. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$3.18 ( 0.105%) | $3.18 |
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 | 3.23 | 1.68 % | |
R2 | 3.21 | 1.08 % | ||
R1 | 3.20 | 0.705 % | ||
Current price: | 3.18 | |||
Support | S1 | 3.16 | -0.496 % | |
S2 | 3.15 | -0.87 % | ||
S3 | 3.13 | -1.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.21 | 0.94 % | |
R2 | 3.20 | 0.629 % | ||
R1 | 3.19 | 0.314 % | ||
Current price | 3.18 | |||
Support | S1 | 3.17 | -0.314% | |
S2 | 3.14 | -1.26% | ||
S3 | 3.09 | -2.83% |
OXSQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.0350 | 1.10% |
2 | Mar 14, 2024 | May 16, 2024 | May 31, 2024 | $0.0350 | 1.10% |
3 | Mar 15, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0350 | 1.09% |
4 | Nov 02, 2023 | Mar 14, 2024 | Mar 29, 2024 | $0.0350 | 1.10% |
5 | Nov 02, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.0350 | 1.13% |
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