Oaktree Specialty Lending Corp 6.125% Stock Forecast

Red day on Wednesday for Oaktree Specialty Lending Corp 6.125%
(Updated on Apr 15, 2020)

OCSLL Signals & Forecast

There are mixed signals in the stock today. The Oaktree Specialty Lending Corp 6.125% 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 $25.14 and $25.14. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, March 11, 2020, and so far it has risen 0.399%. 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).

Support, Risk & Stop-loss for Oaktree Specialty Lending Corp 6.125% stock

Oaktree Specialty Lending Corp 6.125% finds support from accumulated volume at $25.13 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%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OCSLL) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Oaktree Specialty Lending Corporation 6.125% senior notes due 2028 to open at $25.14, and during the day (based on 14 day Average True Range), to move between $25.10 and $25.18, which gives a possible trading interval of +/-$0.0418 (+/-0.17%) up or down from last closing price. If Oaktree Specialty Lending Corporation 6.125% senior notes due 2028 takes out the full calculated possible swing range there will be an estimated 0.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.15 (0.04%) than the support at $25.13 (0.04%), 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 Oaktree Specialty Lending Corporation 6.125% senior notes due 2028 stock A Buy?

Oaktree Specialty Lending Corp 6.125% holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.306 Sell Candidate Unchanged

Predicted Opening Price for Oaktree Specialty Lending Corporation 6.125% senior notes due 2028 of Thursday, April 16, 2020

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