OSLE stock forecast Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024

OSLE stock forecast

VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

OSLE Forecast and Technical Stock Analysis

Sell candidate since 2019-07-12

Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 fell by -0.85% in the last day ( Friday, 12th Jul 2019 ) from $25.66 to $25.44 and has now fallen 3 days in a row. During day the stock fluctuated 0.31% from a day low at $25.37 to a day high of $25.45. The price has fallen in 5 of the last 10 days and is down by -0.55% for this period. Volume has increased in the last day by 762 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3 732 shares bought and sold for approximately $94 951.80.

Quick summary:

  • 30 day high of the OSLE stock price was $25.70 and low was $25.30.
  • 90 day high was $25.70 and low was $25.02.
  • 52 week high for the Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 - $25.70 and low - $23.11.
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Trend

Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 is at the lower part of a narrow and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $25.40 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 with 90% probability to be traded between $25.66 and $25.98 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are few to none technical positive signals at the moment. Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $25.57 and $25.47. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls until a new bottom pivot has been found. Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 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-off's". The very low volume increases the risk and reduces the other technical signals issued.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 42 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 finds support from accumulated volume at $25.38.

Support: $25.38 Price: $25.44 Resistance: $25.46

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.08 (0.31%) between high and low. For the last week, the stock has had a daily average volatility of 0.22%.

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

0.22 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Oaktree Specialty Lending Corporation 5.875% Senior Notes due 2024 holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Will OSLE stock price go up or down on Tue, 16 Jul 2019?

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