OAKTREE SPECIALTY LENDING CO (OCSL) Technical Analysis
NASDAQ:OCSL • US67401P4054
Overall OCSL gets a technical rating of 0 out of 10. OCSL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, OCSL is a bad performer in the overall market: 86% of all stocks are doing better.
- OCSL is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 71% are performing better than OCSL.
- OCSL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month OCSL has a been trading in the 11.09 - 12.72 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, OCSL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.90. Right above this resistance zone may be a good entry point.
More info and screens
11.22
We found 1 important support area.
- A support zone ranging from 11.33 to 11.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 11.90 to 12.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.86 to 13.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.40 to 13.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.00 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OCSL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OCSL is down. |
| ChartMill Relative Strength | 14.2 | NEGATIVE | OCSL has a low relative strength, it was outperformed by 85.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCSL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCSL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OCSL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.35 | NEUTRAL | The RSI value for OCSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OCSL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.07 | NEUTRAL | The Stochastics value for OCSL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for OCSL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.36 | POSITIVE | The high ADX value value for OCSL suggests a strong trend. |
OCSL Technicals: Chart, Performance Metrics, Trend & Indicators
11.61
+0.19 (+1.66%)
OAKTREE SPECIALTY LENDING CO / OCSL FAQ
Can you provide the ChartMill technical rating for OAKTREE SPECIALTY LENDING CO?
ChartMill assigns a technical rating of 0 / 10 to OCSL.
What is the trend direction for OCSL stock?
The current trend direction for OAKTREE SPECIALTY LENDING CO (OCSL) is Bearish.
Can you provide the RSI signal for OAKTREE SPECIALTY LENDING CO?
OAKTREE SPECIALTY LENDING CO (OCSL) has an RSI value of 41.3534. This indicates that the stock is currently neutral.
What is the buy/sell signal for OCSL stock?
The buy/sell signal for OAKTREE SPECIALTY LENDING CO (OCSL) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for OAKTREE SPECIALTY LENDING CO?
OAKTREE SPECIALTY LENDING CO (OCSL) has a support level at 11.33 and a resistance level at 11.9. Check the full technical report for our detailed analysis of OCSL support and resistance levels.