XOMA Corporation Stock Forecast
Stronger technical forecast for XOMA Corporation stock price after Thursday trading.
(Updated on Mar 28, 2024)
The XOMA Corporation stock price gained 3.04% on the last trading day (Thursday, 28th Mar 2024), rising from $23.34 to $24.05. During the last trading day the stock fluctuated 4.60% from a day low at $23.25 to a day high of $24.32. The price has been going up and down for this period, and there has been a -6.67% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $459.69 thousand.
The stock lies in the middle of a 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 30.49% during the next 3 months and, with a 90% probability hold a price between $29.70 and $35.57 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XOMA Signals & Forecast
The XOMA Corporation 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 $24.07. On a fall, the stock will find some support from the long-term average at approximately $23.89. 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. XOMA Corporation has increased volume and follows 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. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -8.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for XOMA Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $20.89 and $20.84. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, XOMA Corporation finds support just below today's level at $20.89. If this is broken, then the next support from accumulated volume will be at $20.84 and $19.75.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.07 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: $22.61 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (XOMA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect XOMA Corporation to open at $23.87, and during the day (based on 14 day Average True Range), to move between $22.90 and $25.20, which gives a possible trading interval of +/-$1.15 (+/-4.80%) up or down from last closing price. If XOMA Corporation takes out the full calculated possible swing range there will be an estimated 9.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.50 (1.87%) than the support at $20.89 (13.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is XOMA Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for XOMA Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.818 Buy Candidate Upgraded
Predicted Opening Price for XOMA Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.87 ( 0.735%) | $24.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XOMA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.94 | 3.71 % | |
R2 | 24.53 | 2.01 % | ||
R1 | 24.28 | 0.96 % | ||
Current price: | 24.05 | |||
Support | S1 | 23.46 | -2.43 % | |
S2 | 23.21 | -3.48 % | ||
S3 | 22.80 | -5.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.32 | 9.44 % | |
R2 | 24.90 | 3.53 % | ||
R1 | 24.50 | 1.87 % | ||
Current price | 24.05 | |||
Support | S1 | 20.89 | -13.14% | |
S2 | 20.84 | -13.35% | ||
S3 | 19.75 | -17.88% |
XOMA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 02, 2024 | Apr 02, 2024 | Apr 02, 2024 | $0 | 0% |
FAQ
Click here for our free guide on how to buy XOMA Corporation Stock.