Help us make better tools for you!. Read more (Published: 2017-01-12)

XOMA - XOMA Corporation Fri 13'th Jan 2017

Industry: Biotechnology Sector: Healthcare
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Hold/Accumulate

Score: 0.62

#3331 of 5193
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 90.63%
Risk: High
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Stock analysis for Fri 13'th Jan 2017 (Updated daily)

Hold candidate since 2017-01-13

XOMA Corporation Stock Analysis


XOMA Corporation gained 3.81% in the last trading day rising from, USD 4.72 to USD 4.90. The price has been going up and down for this period, and there has been a 6.75% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and ,in total, 72 735 more shares traded than the day before. In total there were 123 513 shares were bought and sold for approximately USD 605 214.

Trend

XOMA Corporation lays in the middle of a very wide and strong falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.9% during the next 3 months and, with 90% probability will hold a price between USD 3.45 and USD 5.61 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Thursday January 12, 2017, which indicates further gains until a new top pivot has been found. XOMA Corporation has rising volume and it does follow the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. XOMA Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 4.92 and USD 5.39. A break-up above any of these levels will issue buy signals.

Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Support & Resistance

XOMA Corporation finds support from accumulated volume at USD 4.82, USD 4.59, and USD 4.22. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 4.97, USD 5.15 and USD 5.31.

The stock is about to test the resistance from accumulated volume at USD 4.97 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.43 between high and low, or 9.19%. For the last week, the stock has had a daily average volatility of 8.65%.

Our recommended stoploss: USD 4.85 (-1.02%) ( criteria: risk and position in trend)

Evaluation

XOMA Corporation holds several negative signals and isolated this should give a sell recommendiation, but due to general chance for a turnaround situation we recommend a hold or accumulate position awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate


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