September 11 Chart of the Day - Oxford Industries
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
Oxford Industries (OXM), parent company of well-known brands like Tommy Bahama, Lilly Pulitzer, and Southern Tide, surged 22% today following its latest earnings release.
After a two-year tumultuous fall from all-time highs, the charts now suggest the bottom may finally and technically be in.
We'll review the chart from a price action perspective to identify potential levels of interest in both directions.
The charts highlight key levels where investors and traders alike will be watching closely.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 600+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.
Monthly Chart
On the monthly chart, OXM collapsed from its 2022 highs near $123, grinding lower below $40 before today’s explosive earnings rally pushed price back above $50.
That move lifts the stock off long-term support zones, with the next key levels stacked between $57 and $69.
A sustained hold above $50 strengthens the case that the worst may be behind it.
With plenty of volatility traders have had much to be happy with while investors seemingly have been disappointed.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
On the weekly chart, the downtrend structure is evident, but today’s surge has price reclaiming prior breakdown levels.
The $51–$54 zone is now the immediate battleground, and a push through that area could clear the way for a larger recovery phase.
For bulls, confirmation will come only if OXM can maintain higher lows in the weeks ahead.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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