Oxford Industries Inc Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Shorts||6.27% ( 2018-11-15 )|
Oxford Industries Inc gained 1.20% in the last trading day, rising from $73.92 to $74.81 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -5.45% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 120 852 more shares were traded than the day before. In total, 259 342 shares bought and sold for approximately $19.40 million.
Oxford Industries Inc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $73.15 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.77% during the next 3 months and, with 90% probability hold a price between $66.74 and $81.58 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday December 10, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Oxford Industries Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $76.90 and $84.46. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Oxford Industries Inc finds support from accumulated volume at $73.92.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.58 between high and low, or 3.54%. For the last week, the stock has had a daily average volatility of 4.37%.
Oxford Industries Inc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Oxford Industries Inc holds several negative signals and is within a wide 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.
|OXM $74.81 $0.89(1.20%)|
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