OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) Stock Technical Analysis
NASDAQ:OXLCM • US6915435084
Overall OXLCM gets a technical rating of 4 out of 10. In the past year, OXLCM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- Warning: OXLCM has an average volume of 6522 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, OXLCM outperforms 42% of them, which is more or less in line with the market.
- OXLCM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OXLCM is lagging the market.
- In the last month OXLCM has a been trading in a tight range between 24.93 and 25.07.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, OXLCM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
When analyzing the support we can see 2 important areas.
- 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%)
OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 / OXLCM FAQ
Can you provide the ChartMill technical rating for OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24?
ChartMill assigns a technical rating of 4 / 10 to OXLCM.
What is the trend direction for OXLCM stock?
The current trend direction for OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) is Bearish.
What is the RSI signal for OXLCM stock?
OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) has an RSI value of 47.7433. This indicates that the stock is currently neutral.
What is the MACD signal for OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) stock?
The MACD indicator for OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) has a value of -0.00218456, indicating a bearish trend.
What is the short term momentum for OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) stock?
The short term momentum for OXFORD LANE CAPITAL CORP - OXLC 6 3/4 06/30/24 (OXLCM) is neutral.