Stronger Sell Today OEX.L ranks #4485 as SELL CANDIDATE. Weaker Sell
Today OEX.L ranks #4485 as SELL CANDIDATE.

OEX.L stock Oilex Ltd

OEX.L stock
Oilex Ltd

April 24, 2019
Change 2.63%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will OEX.L stock price go up or down on Thu, 25 Apr 2019?

Oilex Ltd Forecast and Stock Analysis

Technical OEX.L stock analysis for April 24, 2019.

Sell candidate since 2019-03-22 Loss -23.53%

Oilex Ltd gained 2.63% in the last trading day, rising from £0.19 to £0.20 The price has fallen in 4 of the last 10 days and is down by -18.75% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14.28 million more shares were traded than the day before. In total, 18.59 million shares bought and sold for approximately £3.62 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the OEX.L stock was £0.20. This is 2.63% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 8.33% from a day low at £0.18 to a day high of £0.20.

30 day high of the OEX.L stock price was £0.27 and low was £0.18.
90 day high was £0.34 and low was £0.18.
52 week high for the Oilex Ltd - £0.70 and low - £0.13.

Trend

Oilex Ltd lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £0.19 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.11% during the next 3 months and, with 90% probability hold a price between £0.14 and £0.19 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday April 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Oilex Ltd holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £0.21 and £0.25. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Oilex Ltd finds support from accumulated volume at £0.19.

Support: £0.19 Price: £0.20 Resistance: £0.22

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.02 between high and low, or 8.33%. For the last week, the stock has had a daily average volatility of 9.73%.

Oilex Ltd is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today OEX.L ranks #4485 as SELL CANDIDATE. Weaker Sell
Today OEX.L ranks #4485 as SELL CANDIDATE.