Wednesday May 22, 2019 Change -1.51% Price £1 172.00
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will OXIG.L stock price go up or down on Thu, 23 May 2019?

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Oxford Instruments plc Forecast and Stock Analysis

Technical OXIG.L stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-09 Gain 3.72%


Oxford Instruments plc fell by -1.51% in the last day ( Wednesday, 22nd May 2019 ) from £1 190.00 to £1 172.00 During day the stock fluctuated 1.37% from a day low at £1 166.00 to a day high of £1 182.00. The price has been going up and down for this period, and there has been a 5.4% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -15 580 shares and in total 7 860 shares bought and sold for approximately £9.21 million.

Quick summary:

  • 30 day high of the OXIG.L stock price was £1 190.00 and low was £1 078.00.
  • 90 day high was £1 190.00 and low was £951.00.
  • 52 week high for the Oxford Instruments plc - £1 190.00 and low - £813.00.

Trend

Oxford Instruments plc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.98% during the next 3 months and, with 90% probability hold a price between £1 257.59 and £1 424.81 at the end of this period.

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Signals

Oxford Instruments plc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £1 169.71 and £1 096.71. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double top formation was found on Friday May 10, 2019 and based on theory for this formation the price should fall by -76.21% to £1 087.79 within 6 trading days since signal was issued (Monday May 20, 2019).

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £1 084.00 and £1 034.00.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Oxford Instruments plc finds support just below today's level at £1 084.00. If this is broken, then the next support from accumulated volume will be at £1 034.00 and £1 030.00.

Support: £1 084.00 Price: £1 172.00 Resistance: £1 174.00

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 £16.00 (1.37%) between high and low. For the last week, the stock has had a daily average volatility of 1.90%.

Our recommended stoploss: £1 115.69 (-4.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

1.90 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate Downgraded
Weaker Buy Today OXIG.L ranks #650 as BUY CANDIDATE #650 Stronger Buy

Will OXIG.L stock price go up or down
on Thu, 23 May 2019?

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