High volatility in XTI Aerospace, Inc. stock price on Monday which ended trading at $0.0880

StockInvest.us, 1 month ago

StockInvest.us

The XTI Aerospace, Inc. stock price gained 112.56% on the last trading day (Monday, 6th Jan 2025), rising from $0.0414 to $0.0880. During the last trading day the stock fluctuated 115.16% from a day low at $0.0409 to a day high of $0.0880. The price has fallen in 5 of the last 10 days but is still up by 109.52% over the past 2 weeks. Volume fell on the last day by -91 million shares and in total, 0 shares were bought and sold for approximately $0 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0494, a level that may pose a second chance to hit a runner. According to fan-theory $0.116 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

XTI Aerospace, Inc.

The XTI Aerospace, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0476 and $0.0456. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, January 03, 2025, and so far it has risen 112.56%. Further rise is indicated until a new top pivot has been found. 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. 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.

XTI Aerospace, Inc. finds support from accumulated volume at $0.0860 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0471 between high and low, or 115.16%. For the last week the stock has had daily average volatility of 32.22%

The XTI Aerospace, Inc. stock is extremely overbought on RSI14 (86). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

XTI Aerospace, 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.

Check full XTI Aerospace, Inc. forecast and analysis here.