OXFORD INDUSTRIES INC (OXM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OXM • US6914973093
Overall OXM gets a technical rating of 5 out of 10. In the past year, OXM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, OXM is a bad performer in the overall market: 83% of all stocks are doing better.
- OXM is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, of which 77% are performing better than OXM.
- OXM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month OXM has a been trading in the 35.42 - 43.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OXM has only a medium technical rating, but it does show a decent setup pattern. 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 40.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.64 to 38.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.53 from a horizontal line in the daily time frame.
- Support @34.30 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 40.81 to 41.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.08 from a trend line in the weekly time frame.
- A resistance zone ranging from 42.76 to 42.95. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for OXM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OXM is up. |
| ChartMill Relative Strength | 17.06 | NEGATIVE | OXM has a low relative strength, it was outperformed by 82.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OXM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OXM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OXM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.3 | NEUTRAL | The RSI value for OXM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests OXM has a positive trend. |
| Stochastics (14,3) | 79.1 | NEUTRAL | The Stochastics value for OXM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for OXM suggests high volalility. |
| Average Directional Index/ADX (14) | 12.69 | NEGATIVE | The low ADX value for OXM suggests a weak or negative trend. |
39.73
+0.07 (+0.18%)
OXFORD INDUSTRIES INC / OXM FAQ
What is the technical rating for OXM stock?
ChartMill assigns a technical rating of 5 / 10 to OXM.
What is the trend direction for OXM stock?
The current trend direction for OXFORD INDUSTRIES INC (OXM) is Bearish.
What is the RSI signal for OXM stock?
OXFORD INDUSTRIES INC (OXM) has an RSI value of 56.2958. This indicates that the stock is currently neutral.
What is the short term momentum for OXM stock?
The short term momentum for OXFORD INDUSTRIES INC (OXM) is positive.