Oxford Square Capital Corp. Stock Forecast
Red day on Thursday for Oxford Square Capital Corp. stock after losing 0.623%
(Updated on Apr 25, 2024)
The Oxford Square Capital Corp. stock price fell by -0.623% on the last day (Thursday, 25th Apr 2024) from $3.21 to $3.19. During the last trading day the stock fluctuated 0.94% from a day low at $3.18 to a day high of $3.21. The price has risen in 4 of the last 10 days but is still down by -0.31% for this period. Volume has increased on the last day by 25 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 124 thousand shares were bought and sold for approximately $394.06 thousand.
The stock lies in the middle of a weak 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 4.10% during the next 3 months and, with a 90% probability hold a price between $3.19 and $3.41 at the end of this 3-month period.
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OXSQ Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.623%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Oxford Square Capital Corp. 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-offs". The Oxford Square Capital Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $3.18 and $3.14. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should fall by -4.39% to $3.05 within 11 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Oxford Square Capital Corp. stock
Oxford Square Capital Corp. finds support from accumulated volume at $3.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0300 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: $3.09 (-3.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (OXSQ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Oxford Square Capital Corp. to open at $3.19, and during the day (based on 14 day Average True Range), to move between $3.14 and $3.24, which gives a possible trading interval of +/-$0.0488 (+/-1.53%) up or down from last closing price. If Oxford Square Capital Corp. takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.20 (0.31%) than the support at $3.09 (3.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Oxford Square Capital Corp. stock A Buy?
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 Oxford Square Capital Corp. stock to perform well in the short-term.
Current score: 1.181 Buy Candidate Unchanged
Predicted Opening Price for Oxford Square Capital Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $3.19 ( 0.104%) | $3.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXSQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.22 | 1.04 % | |
| R2 | 3.21 | 0.686 % | ||
| R1 | 3.20 | 0.464 % | ||
| Current price: | 3.19 | |||
| Support | S1 | 3.18 | -0.255 % | |
| S2 | 3.17 | -0.477 % | ||
| S3 | 3.16 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3.21 | 0.627 % | ||
| R1 | 3.20 | 0.313 % | ||
| Current price | 3.19 | |||
| Support | S1 | 3.09 | -3.13% | |
| S2 | 3.06 | -4.08% | ||
| S3 | 3.05 | -4.39% |
OXSQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.0350 | 1.10% |
| 2 | Mar 14, 2024 | May 16, 2024 | May 31, 2024 | $0.0350 | 1.10% |
| 3 | Mar 15, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0350 | 1.10% |
| 4 | Nov 02, 2023 | Mar 14, 2024 | Mar 29, 2024 | $0.0350 | 1.10% |
| 5 | Nov 02, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.0350 | 1.13% |
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