Oxbridge Re Holdings Limited (OXBR)

Oxbridge Re stock forecast: buy or sell

Oxbridge Re stock outlook

  • Oxbridge Re stock exploded 2.83% to close at $1.09 on the stock market yesterday, breaking a streak of 3 sessions in negative.
  • The stock is configuring an uptrend pattern since December 2019, when it bottomed at $0.70. Up to date, price made a 55.71% gain since the beginning of this rally
  • Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions.
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Disclaimer:
The viewpoints published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the individual positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for informational purposes only

Oxbridge Re stock chart overview

Should I buy Oxbridge Re stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is OXBR stock a buy?

Currently, Oxbridge Re stock matches one trading strategy:

Uptrend buy setup

Oxbridge Re stock continues to trend higher since on December 2019 and has marked a gorgeous 55.71% gain. Price marked a local bottom in this uptrend at $0.85 on June 26, and since then it bounced off a 28.24%. Breaking out above $3.89 - it's last top - will be a good entry point if Oxbridge Re resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $3.50

Buy setupBuy pointStop lossRisk
Uptrend buy setup$3.89$3.5010%
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Should I sell Oxbridge Re stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies allow us to avoid impetuous decisions based on our feelings or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling shares in your porfolio, not for selling short OXBR stock

As a golden rule, you should not mantain an open trade that produces greater losses than those expected at the time of the buy. When to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Oxbridge Re stock?

In the current situation of Oxbridge Re there is not any eligible sell setup, so Oxbridge Re stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Oxbridge Re stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous month we couldn't find any rating for Oxbridge Re

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Technical analysis

Oxbridge Re shares started an uptrend on December 2019, and grew an amazing 55.71%. The price action shows higher highs and higher troughs, and along the way gave some buying opportunities for those who wanted to trade in. Latest low was on June 26, when price bounced at $0.85. Currently, the price trades in a consolidation between its last top ($3.89) and its last bottom ($0.85)

SMAs overview

Moving averages are indicators for traders to detect stock direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Traders use support and resistance levels to find price points in the stock price action that may work as glass ceiling, containing the price of a stock to move in certain direction. Supports are levels where the price may stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it is likely to continue descending until meeting another support level. On the other side, a resistance level is where the price tends to find resistance as it moves up. Likewise, this means that the price is more liable to "rebound" at this level, and if it finally crosses this level, it will rally more easily until it approaches the next resistance

The current resistance levels are:

  • R1: $1.09 (0% above)
  • R2: $1.31 (20.18% above)
  • R3: $1.56 (43.12% above)
  • The current support levels are:

  • S1: $1.06 (-2.75% below)
  • S2: $1.03 (-5.5% below)
  • S3: $1.00 (-8.26% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. It is composed of three lines that are outlined superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that measures price fluctuations to spot when the price of a share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI moves from 0 to 100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders

    The RSI dropped below the overbought level of 70 on June 22 after just crossing to the overbough zone for a single day (weak signal). The RSI reading yesterday was 48.65. Since that level was lost, Oxbridge Re shares tanked a 33.13%

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    Earnings and financials

    Oxbridge Re hosted the quarterly investors call and presented the Q1 report in mid-May.

    Compared to the same quarter one year ago, EPS was $-0.03, so posted EPS means a drop of -100%. Turnover tanked a -51.59% on an annualized basis in the 1st-quarter, from $7,230,000 to $3,500,000 last quarter.

    Oxbridge Re is hosting the Q2 earnings call on mid next August. Forecasted Earnings per Share for this quarter is $0.00. Earnings reporting day has a more than usual risk for stock investors as the information disclosed can soar and sink the stock price with lower volume and not honouring your buy or stop-loss orders. You can find more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.oxbridgere.com.

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