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OXM - Oxford Industries Inc

Industry: Textile - Apparel Clothing Sector: Consumer Goods Exchange: NYSE
#2055()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 0.58%
PRICE $80.96
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Oxford Industries Inc Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 7.25% ( 2018-01-31 )
Cash 24.9 mill
Loans n/a
Beta 0.33
ROA 7.16
Buy candidate since 2018-02-23

Oxford Industries Inc gained 0.58% in the last trading day, rising from $80.49 to $80.96 The price has been going up and down for this period, and there has been a 5.8% gain for the last 2 weeks. Volume fell in the last day by -57 063 shares, and in total, 57 978 shares bought and sold for approximately $4.69 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

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Trend

Oxford Industries Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $78.91 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.54% during the next 3 months and, with 90% probability hold a price between $94.33 and $106.85 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday February 21, 2018, which indicates further falls until a new bottom pivot has been found. Oxford Industries Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $80.19 and $80.36. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 55 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 $72.58 and $72.28. On the upside the stock meets some resistance just above today's level from accumulated volume at $81.16, $81.68 and $82.17.

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 Industries Inc finds support just below today's level at $72.58. If this is broken, then the next support from accumulated volume will be at $72.28 and $72.05. The stock is about to test the resistance from accumulated volume at $81.16 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $72.58 Price: $80.96 Resistance: $81.16

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 $1.15 (1.44%) between high and low. For the last week, the stock has had a daily average volatility of 2.54%.

Our recommended stoploss: $77.83 (-3.86%) (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

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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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