Xtant Medical Holdings Inc Stock Forecast

Strong day for Xtant Medical Holdings Inc stock price on Tuesday rising 8.21% to $0.91
(Updated on Apr 23, 2024)

XTNT Signals & Forecast

There are mixed signals in the stock today. The Xtant Medical Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.01. On a fall, the stock will find some support from the short-term average at $0.84. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 15.88%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Xtant Medical Holdings Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.84 and $0.789. 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, Xtant Medical Holdings Inc finds support just below today's level at $0.84. If this is broken, then the next support from accumulated volume will be at $0.789 and $0.784.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0790 between high and low, or 9.52%. For the last week the stock has had daily average volatility of 11.43%.

Our recommended stop-loss: $0.88 (-3.68%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (XTNT) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Xtant Medical Holdings Inc to open at $0.88, and during the day (based on 14 day Average True Range), to move between $0.82 and $1.00, which gives a possible trading interval of +/-$0.0926 (+/-10.19%) up or down from last closing price. If Xtant Medical Holdings Inc takes out the full calculated possible swing range there will be an estimated 20.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.84 (7.59%) than the resistance at $1.03 (13.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Xtant Medical Holdings Inc stock A Buy?

Xtant Medical Holdings Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.827 Hold/Accumulate Upgraded

Predicted Opening Price for Xtant Medical Holdings Inc of Wednesday, April 24, 2024

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