How the (OXLCN) price action is used to our Advantage
June 13, 2024, 19:24 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OXLCN
- Buy OXLCN slightly over 23.86 target 24.25 stop loss @ 23.79 Details
The technical summary data tells us to buy OXLCN near 23.86 with an upside target of 24.25. This data also tells us to set a stop loss @ 23.79 to protect against excessive loss in case the stock begins to move against the trade. 23.86 is the first level of support below 24.15 , and by rule, any test of support is a buy signal. In this case, support 23.86 is being tested, a buy signal would exist.
- Short OXLCN slightly under 24.25, target 23.86, stop loss @ 24.32 Details
The technical summary data is suggesting a short of OXLCN as it gets near 24.25 with a downside target of 23.86. We should have a stop loss in place at 24.32though. 24.25 is the first level of resistance above 24.15, and by rule, any test of resistance is a short signal. In this case, if resistance 24.25 is being tested, a short signal would exist.
Swing Trading Plans for OXLCN
- Buy OXLCN slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy OXLCN just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 24.15, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OXLCN slightly near n/a, target 23.86, Stop Loss @ 0. Details
The technical summary data is suggesting a short of OXLCN if it tests n/a with a downside target of 23.86. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for OXLCN
- Buy OXLCN slightly over 24.25, target n/a, Stop Loss @ 24.19 Details
If 24.25 begins to break higher, the technical summary data tells us to buy OXLCN just slightly over 24.25, with an upside target of n/a. The data also tells us to set a stop loss @ 24.19 in case the stock turns against the trade. 24.25 is the first level of resistance above 24.15, and by rule, any break above resistance is a buy signal. In this case, 24.25, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OXLCN slightly near 24.25, target 23.86, Stop Loss @ 24.31. Details
The technical summary data is suggesting a short of OXLCN if it tests 24.25 with a downside target of 23.86. We should have a stop loss in place at 24.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 24.25, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) available here: OXLCN.
OXLCN Ratings for June 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
23.42 |
| P2 |
24.15 |
24.2 |
23.86 |
| P3 |
0 |
|
24.25 |
AI Generated Signals for OXLCN
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (NASDAQ: OXLCN) data table below can help you with price action, and we have more details too. Trading plans for OXLCN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for OXLCN:
pool ads
