NASDAQ:XGTI
Delisted

XG Technology Stock Forecast

$2.65
-0.490 (-15.61%)
At Close: Feb 04, 2021
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Big movements in XG Technology stock price on Thursday moving 11.11% between high and low
(Updated on Feb 04, 2021)

Buy or Hold candidate since Dec 23, 2020 Gain 45.60% PDF

The XG Technology stock price fell by -15.61% on the last day (Thursday, 4th Feb 2021) from $3.14 to $2.65. During the last trading day the stock fluctuated 11.11% from a day low at $2.52 to a day high of $2.80. The price has risen in 6 of the last 10 days and is up by 5.58% over the past 2 weeks. Volume has increased on the last day by 22 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 million shares were bought and sold for approximately $86.47 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 102.95% during the next 3 months and, with a 90% probability hold a price between $3.91 and $6.43 at the end of this 3-month period.

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XGTI Signals & Forecast

The XG Technology stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.71. On a fall, the stock will find some support from the long-term average at approximately $1.95. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, February 03, 2021, and so far it has fallen -15.61%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for XG Technology stock

XG Technology finds support from accumulated volume at $2.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.280 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 18.08%.

Our recommended stop-loss: $2.52 (-4.76%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (XGTI) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect XG Technology to open at $2.66, and during the day (based on 14 day Average True Range), to move between $2.26 and $3.04, which gives a possible trading interval of +/-$0.386 (+/-14.56%) up or down from last closing price. If XG Technology takes out the full calculated possible swing range there will be an estimated 29.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.62 (1.13%) than the resistance at $2.68 (1.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is XG Technology stock A Buy?

XG Technology holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: -0.333 Hold/Accumulate Downgraded

Predicted Opening Price for XG Technology of Friday, February 5, 2021

Fair opening price February 5, 2021 Current price
$2.66 ( 0.252%) $2.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XGTI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.94 10.82 %
R2 2.83 6.78 %
R1 2.76 4.29 %
Current price: 2.65
Support S1 2.55 -3.78 %
S2 2.48 -6.28 %
S3 2.38 -10.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.14 18.49 %
R2 2.93 10.57 %
R1 2.68 1.13 %
Current price 2.65
Support S1 2.62 -1.13%
S2 2.61 -1.51%
S3 2.00 -24.53%

FAQ

What is the symbol for XG Technology Stock and on which exchange is it traded?
The symbol for XG Technology is XGTI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell XG Technology Stock?
XG Technology holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

How to buy XG Technology Stock?
XG Technology Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy XG Technology Stock.

What's the current price of XG Technology Stock?
As of the end of day on the 2021-02-04, the price of an XG Technology (XGTI) share was $2.65.

What is the 52-week high and low for XG Technology Stock?
The 52-week high for XG Technology Stock is $3.57 and the 52-week low is $0.110.
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About XG Technology

xG Technology, Inc. engages in the development of communication technologies for wireless networks worldwide. The companyÂ’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, including national defense and rural broadband. Its products include xMax, a mobile voice over Internet protocol (VoIP) and broadban... XGTI Profile

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