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A Guide To The Risks Of Investing In Oaktree Specialty Lending Corporation (OCSL)

Oaktree Specialty Lending Corporation’s recent filing unveils that its Director CALDWELL PHYLLIS R acquired Company’s shares for reported $40130.0 on Feb 12 ’24. In the deal valued at $20.07 per share,2,000 shares were bought. As a result of this transaction, CALDWELL PHYLLIS R now holds 11,166 shares worth roughly $0.21 million.

Keefe Bruyette downgraded its Oaktree Specialty Lending Corporation [OCSL] rating to a Mkt perform from a an Outperform in a research note published on February 02, 2024; the price target was decreased to $19 from $22. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Hovde Group also remained covering OCSL and has decreased its forecast on August 04, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. B. Riley Securities started covering the stock on October 14, 2022. It rated OCSL as “a Buy”.

Price Performance Review of OCSL

On Tuesday, Oaktree Specialty Lending Corporation [NASDAQ:OCSL] saw its stock fall -3.57% to $19.16. Over the last five days, the stock has lost -2.44%. Oaktree Specialty Lending Corporation shares have fallen nearly -6.17% since the year began. Nevertheless, the stocks have risen 1.83% over the past one year. While a 52-week high of $21.64 was reached on 01/24/24, a 52-week low of $17.93 was recorded on 03/19/24. SMA at 50 days reached $19.57, while 200 days put it at $19.94.

Levels Of Support And Resistance For OCSL Stock

The 24-hour chart illustrates a support level at 18.97, which if violated will result in even more drops to 18.79. On the upside, there is a resistance level at 19.42. A further resistance level may holdings at 19.69. The Relative Strength Index (RSI) on the 14-day chart is 40.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.78%. Stochastics %K at 64.90% indicates the stock is a holding.

The most recent change occurred on June 24, 2021 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $7.50 price target.

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