RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OFS
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OFS Capital Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The OFS Capital Corporation stock price gained 1.53% on the last trading day (Thursday, 28th Mar 2024), rising from $9.78 to $9.93. During the last trading day the stock fluctuated 3.16% from a day low at $9.80 to a day high of $10.11. The price has fallen in 6 of the last 10 days and is down by -4.89% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately $740.42 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.09% during the next 3 months and, with a 90% probability hold a price between $8.18 and $9.70 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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OFS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 3.01%. Further rise is indicated until a new top pivot has been found. OFS Capital Corporation 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. The OFS Capital Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.74. On a fall, the stock will find some support from the short-term average at $9.78. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for OFS Capital Corporation stock

OFS Capital Corporation finds support from accumulated volume at $9.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.310 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 2.56%.

Our recommended stop-loss: $9.40 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (OFS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect OFS Capital Corporation to open at $9.95, and during the day (based on 14 day Average True Range), to move between $9.61 and $10.25, which gives a possible trading interval of +/-$0.322 (+/-3.24%) up or down from last closing price. If OFS Capital Corporation takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.90 (0.30%) than the resistance at $10.03 (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is OFS Capital Corporation stock A Buy?

OFS Capital Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.875 Hold/Accumulate Upgraded

Predicted Opening Price for OFS Capital Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.95 ( 0.168%) $9.93

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

Trading levels for OFS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.26 3.29 %
R2 10.14 2.10 %
R1 10.07 1.36 %
Current price: 9.93
Support S1 9.83 -1.02 %
S2 9.76 -1.76 %
S3 9.64 -2.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.34 14.20 %
R2 10.50 5.74 %
R1 10.03 1.01 %
Current price 9.93
Support S1 9.90 -0.302%
S2 9.83 -1.01%
S3 9.65 -2.82%

OFS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Mar 15, 2024 Mar 28, 2024 $0.340 3.41%
2 Oct 31, 2023 Dec 21, 2023 Dec 29, 2023 $0.340 2.91%
3 Aug 01, 2023 Sep 21, 2023 Sep 29, 2023 $0.340 3.02%
4 May 02, 2023 Jun 22, 2023 Sep 29, 2023 $0.330 2.94%
5 Feb 28, 2023 Mar 23, 2023 Mar 31, 2023 $0.330 3.21%

FAQ

What is the symbol for OFS Capital Corporation Stock and on which exchange is it traded?
The symbol for OFS Capital Corporation is OFS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell OFS Capital Corporation Stock?
OFS Capital Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of OFS Capital Corporation Stock?
As of the end of day on the 2024-03-28, the price of an OFS Capital Corporation (OFS) share was $9.93.

What is the 52-week high and low for OFS Capital Corporation Stock?
The 52-week high for OFS Capital Corporation Stock is $12.44 and the 52-week low is $9.10.

What is the market capitalization of OFS Capital Corporation Stock?
As of the 2024-03-28, the market capitalization of OFS Capital Corporation is 133.043M.

When is the next earnings date for OFS Capital Corporation?
The upcoming earnings date for OFS Capital Corporation is May 02, 2024.
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About OFS Capital Corporation

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in de... OFS Profile

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