Oxford Instruments plc Stock Forecast
Oxford Instruments plc stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Oxford Instruments plc stock price gained 2.59% on the last trading day (Wednesday, 24th Apr 2024), rising from £2,125.00 to £2,180.00. During the last trading day the stock fluctuated 4.81% from a day low at £2,080.00 to a day high of £2,180.00. The price has risen in 5 of the last 10 days and is up by 4.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately £160.85 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £2,155.79, a level that may pose a second chance to hit a runner. According to fan-theory £2,307.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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OXIG.L Signals & Forecast
Mostly positive signals in the chart today. The Oxford Instruments plc 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 £2,102.14 and £2,097.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Friday, March 01, 2024 and based on theory for this formation the price should fall by -3.29% to £2,108.33 within 9 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Oxford Instruments plc stock
Oxford Instruments plc finds support from accumulated volume at £2,075.00 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 £100.00 between high and low, or 4.81%. For the last week the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: £2,066.34 (-5.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (OXIG.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Oxford Instruments plc to open at £2,146.67, and during the day (based on 14 day Average True Range), to move between £2,097.17 and £2,262.83, which gives a possible trading interval of +/-£82.83 (+/-3.80%) up or down from last closing price. If Oxford Instruments plc takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,185.00 (0.23%) than the support at £2,075.00 (4.82%), 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 Instruments plc stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.842 Buy Candidate Upgraded
Predicted Opening Price for Oxford Instruments plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £2,146.67 ( 1.53%) | £2,180.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OXIG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,246.67 | 3.06 % | |
| R2 | 2,208.47 | 1.31 % | ||
| R1 | 2,184.87 | 0.223 % | ||
| Current price: | 2,180.00 | |||
| Support | S1 | 2,108.47 | -3.28 % | |
| S2 | 2,084.87 | -4.36 % | ||
| S3 | 2,046.67 | -6.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,215.00 | 1.61 % | |
| R2 | 2,190.00 | 0.459 % | ||
| R1 | 2,185.00 | 0.229 % | ||
| Current price | 2,180.00 | |||
| Support | S1 | 2,075.00 | -4.82% | |
| S2 | 2,070.00 | -5.05% | ||
| S3 | 2,060.00 | -5.50% |
OXIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £14.90 | 0.626% |
| 3 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £14.90 | 0.574% |
| 4 | Nov 08, 2022 | Dec 01, 2022 | Jan 13, 2023 | £4.60 | 0.204% |
| 5 | Jun 14, 2022 | Jul 14, 2022 | Aug 23, 2022 | £13.70 | 0.686% |
FAQ
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