Weaker Buy Today OXIG.L ranks #1446 as BUY CANDIDATE. Stronger Buy
Today OXIG.L ranks #1446 as BUY CANDIDATE.

OXIG.L stock Oxford Instruments plc

OXIG.L stock
Oxford Instruments plc

March 18, 2019
Change 0.00%
Chart period: 2018-12-19 - 2019-03-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will OXIG.L stock price go up or down on Tue, 19 Mar 2019?

Oxford Instruments plc Forecast and Stock Analysis

Technical OXIG.L stock analysis for March 18, 2019.

Buy candidate since 2019-02-19 Gain 3.60%

No changes to the price of Oxford Instruments plc in the last trading day. The price has fallen in 4 of the last 10 days , but is still up by 2.57% over the past 2 weeks.

Close price at the end of the last trading day (Monday, 18th Mar 2019) of the OXIG.L stock was £1 036.00.

During day the stock fluctuated 3.14% from a day low at £1 020.00 to a day high of £1 052.00.

30 day high of the OXIG.L stock price was £1 060.00 and low was £988.00.
90 day high was £1 060.00 and low was £839.00.
52 week high for the Oxford Instruments plc - £1 116.00 and low - £679.00.

Trend

Oxford Instruments plc lies in the middle of a 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 21.56% during the next 3 months and, with 90% probability hold a price between £1 228.91 and £1 321.64 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 £1 029.43 and £990.14. A break down below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Thursday March 14, 2019, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Thursday March 14, 2019 and based on theory for this formation the price should fall by -30.00% to £1 010.00 within 6 trading days since signal was issued (Friday March 22, 2019).

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Oxford Instruments plc finds support from accumulated volume at £1 000.00.

Support: £1 000.00 Price: £1 036.00 Resistance: £1 040.00

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 £32.00 (3.14%) between high and low. For the last week, the stock has had a daily average volatility of 2.55%.

Our recommended stoploss: £993.85 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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.

Weaker Buy Today OXIG.L ranks #1446 as BUY CANDIDATE. Stronger Buy
Today OXIG.L ranks #1446 as BUY CANDIDATE.