Oxford Lane Capital Technical Analysis (NASDAQ:OXLC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. Just by looking at the Oxford Lane Capital Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the OXLC Chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Oxford Lane Capital. The technical analysis form of Oxford Lane Capital Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Oxford Lane Capital Moving Average
Moving averages show the OXLC Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $10.47 is below the price of $10.59.
Oxford Lane Capital Bollinger Bands
Bollinger bands comprise of a center line usually OXLC SMA, and two OXLC Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. The Price is trading between the average and the upper band in the context of Oxford Lane Capital bollinger bands.
Oxford Lane Capital Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The Oxford Lane Capital MACD line is below the signal line.
Oxford Lane Capital Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in Price movements . If the RSI of OXLC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.