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Oxbridge Re Holdings Limited (OXBR)

Oxbridge Re stock forecast: buy or sell

Close on Sep 28th, 2020
$2.95 1.76%
3 months performance
1.34%
Published: September 29th, 2020 - 10.20am EDT

Oxbridge Re stock outlook

  • Oxbridge Re closed yesterday at $2.95 (175.7%) prior to presenting earnings at
  • Oxbridge Re marked a new all-time high yesterday, setting the new record at $9.62.
  • The price is currently higher than the upper Bollinger band, which often indicates a near-term correction
  • Yesterday broke out above its latest top at $2.55
  • Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions.

Important note:
The comments expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not know the individual positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for learning motives only

Oxbridge Re stock charts

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 doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for OXBR in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Oxbridge Re stock?

When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the good moment to sell and get your benefits. Trading strategies give us the ability us to avoid impulsive decisions based on our personal sentiments or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very easy to use but are only applicable for selling shares you already own, not for selling short OXBR stock

As a golden rule, you must never keep an open trade that results in higher than expected losses at the time of purchase. The timing to sell shares should always be dictated 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

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

We don't have any rating posted in the previous 30 days for Oxbridge Re

Technical analysis

OXBR at Highs

Yesterday, Oxbridge Re marked all-time highs (ATH) again at $9.62. Previous ATHs were on July 2014

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show market 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

OXBR SMAs chart

Supports and resistances

Technical analysts use support and resistance levels to find price points on a chart that may behave as barriers, preventing the price of a stock to move in certain direction. Supports are levels where the price may stop as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it will probably continue descending until finding another support level. On the contrary, resistance levels are where the price may find a curb as it moves up. Likewise, the price is more likely to "bounce off" at this level, and if it finally crosses this level, the price will rally easily until it finds the next resistance

The current resistance levels are:

  • R1: $3.00 (1.69% above)
  • R2: $3.36 (13.9% above)
  • R3: $3.75 (27.12% above)
  • The current support levels are:

  • S1: $2.93 (-0.68% below)
  • S2: $2.80 (-5.08% below)
  • S3: $2.55 (-13.56% below)
  • Bollinger bands

    So-called Bollinger bands are a widespread technical strategy that was created by John Bollinger. It is made up of three bands 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

    When the price moves out of the band (above the upper line or below the lower line) it means that the price is maintaining a very strong momentum and therefore can correct the trend to the average. For this case, the price is over the upper band, meaning a possible near-term corrective movement (at least) until it is below the band

    OXBR RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to plot the current and previous strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI moves in a range from 0% to 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    RSI climbed above the 70 level yesterday, marking a reading of 87.72. Breaking through above the level of 70 is not a sell signal, as stock price can be above 70 for many weeks and may continue to rally

    OXBR RSI chart

    Earnings and financials

    Oxbridge Re had the quarterly investors call and posted the 2nd-quarter report in mid-August.

    By comparison, the EPS for the same quarter last year was $-0.04, so posted EPS means a improvement of 100%. Looking at turnover, figures exploded a 342.2% compared to $1,090,000 same quarter a year ago.

    Oxbridge Re is hosting the earnings call. Financial reporting day has an additional risk for stock investors as the information published can soar and sink the price with very low volume and not honouring your buy or stop-loss orders. Check company's website to confirm time and details on the earnings call and the earnings report.

    OXBR revenues and profits chart