Technical Analysis for OFSSL - OFS Capital Corporation - 6.375% Notes due 2025

Grade Last Price % Change Price Change
grade D 20.62 -8.76% -1.98
OFSSL closed down 8.76 percent on Monday, August 3, 2020, on 19 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical OFSSL trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Outside Day Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -8.76%

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Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies. It invests in the aerospace and defense, business services, consumer products and services, food and beverage, health care services, specialty chemicals, transportation and logistics, distribution, franchising, and industrial and niche manufacturing sectors. The fund invests in companies based in United States. It seeks to invest between $3 million and $20 million in companies with revenues between $10 million and $200 million, Annual EBITDA between $3 million and $30 million, and Enterprise value between $10 million and $500 million. The fund seeks to invest in companies with debt values between $5 million and $25 million. The fund uses senior secured, unitranche loans, first-lien, second-lien, mezzanine loans, warrants, and preferred equity securities and common equity securities. It prefers to take a minority stake in the investments made. It also co-invests with its partners for additional capital.
Transportation Food Aerospace Chemicals Beverage Consumer Products Sentinel Capital Partners Health Care Services Private Equity Firms

Is OFSSL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 26.0
52 Week Low 8.05
Average Volume 5,171
200-Day Moving Average 23.19
50-Day Moving Average 22.16
20-Day Moving Average 22.99
10-Day Moving Average 22.95
Average True Range 0.59
ADX 23.82
+DI 28.05
-DI 45.32
Chandelier Exit (Long, 3 ATRs ) 22.47
Chandelier Exit (Short, 3 ATRs ) 22.40
Upper Bollinger Band 24.33
Lower Bollinger Band 21.64
Percent B (%b) -0.38
BandWidth 11.70
MACD Line -0.05
MACD Signal Line 0.24
MACD Histogram -0.2982
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.82
Resistance 3 (R3) 24.18 23.47 23.29
Resistance 2 (R2) 23.47 22.65 23.29 23.11
Resistance 1 (R1) 22.04 22.15 21.69 21.69 22.93
Pivot Point 21.33 21.33 21.15 21.15 21.33
Support 1 (S1) 19.91 20.52 19.55 19.55 18.31
Support 2 (S2) 19.20 20.01 19.02 18.13
Support 3 (S3) 17.77 19.20 17.95
Support 4 (S4) 17.42