XLON:OEX
Delisted

Oilex Ltd Stock Forecast

£0.0009
-0.0001 (-10.00%)
At Close: Sep 01, 2020
RSI low/high Values: [ 20 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

A very red day for Oilex Ltd stock price after a -10.00% fall in the Tuesday trading session
(Updated on Sep 01, 2020)

Buy or Hold candidate since Apr 30, 2020 Loss -10.00% PDF

The Oilex Ltd stock price fell by -10.00% on the last day (Tuesday, 1st Sep 2020) from £0.0010 to £0.0009. During the last trading day the stock fluctuated 0% from a day low at £0.0009 to a day high of £0.0009. The price has been going up and down for this period, and there has been a 12.5% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 million shares and in total, 5 million shares were bought and sold for approximately £4.29 thousand.

Given the current short-term trend, the stock is expected to fall -17.39% during the next 3 months and, with a 90% probability hold a price between £0.0007 and £0.0008 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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OEX.L Signals & Forecast

The Oilex Ltd 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 £0.0010. On a fall, the stock will find some support from the long-term average at approximately £0.0009. 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 Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Oilex Ltd stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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: £0 (-5.00%) (Unable to calculate.)

Trading Expectations (OEX.L) For The Upcoming Trading Day Of Wednesday 2nd

With no support below and resistance from accumulated volume @ £0.0010, some £0.0001 (11.11%) from the current price of £0.0009, our system finds the risk reward not very attractive.

Is Oilex Ltd stock A Buy?

Oilex Ltd 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Oilex Ltd of Wednesday, September 2, 2020

Fair opening price September 2, 2020 Current price
£0.0009 ( 0.00000000%) £0.0009

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

Trading levels for OEX.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0009 0.00000000 %
R2 0.0009 0.00000000 %
R1 0.0009 0.00000000 %
Current price: 0.0009
Support S1 0.0009 0.00000000 %
S2 0.0009 0.00000000 %
S3 0.0009 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.0011 22.22 %
R1 0.0010 11.11 %
Current price 0.0009
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Oilex Ltd Stock and on which exchange is it traded?
The symbol for Oilex Ltd is OEX.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Oilex Ltd Stock?
Oilex Ltd 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.

How to buy Oilex Ltd Stock?
Oilex Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Oilex Ltd Stock.

What's the current price of Oilex Ltd Stock?
As of the end of day on the 2020-09-01, the price of an Oilex Ltd (OEX.L) share was £0.0009.

What is the 52-week high and low for Oilex Ltd Stock?
The 52-week high for Oilex Ltd Stock is £0.0035 and the 52-week low is £0.0006.
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About Oilex Ltd

Oilex Ltd Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. It primarily holds 100% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. Oilex Ltd was incorporated in 1997 and is headquartered in West Perth, Australia.... OEX.L Profile

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