OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) Stock Technical Analysis
NASDAQ:OXLCM - Nasdaq - US6915435084 - Currency: USD
Overall OXLCM gets a technical rating of 4 out of 10. OXLCM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
OXLCM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.97, a Stop Loss order could be placed below this zone.
More info and screens
24.01
2 important support areas can be observed.
- A support zone ranging from 24.84 to 24.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.25 to 24.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.98 to 25.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for OXLCM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OXLCM is neutral. |
| ChartMill Relative Strength | 42.01 | NEUTRAL | OXLCM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OXLCM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OXLCM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OXLCM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.74 | NEUTRAL | The RSI value for OXLCM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OXLCM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.83 | NEUTRAL | The Stochastics value for OXLCM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for OXLCM suggests low volalility. |
| Average Directional Index/ADX (14) | 13.43 | NEGATIVE | The low ADX value for OXLCM suggests a weak or negative trend. |
OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24
NASDAQ:OXLCM (6/28/2024, 8:19:09 PM)
After market: 24.97 -0.01 (-0.04%)24.98
0 (-0.02%)