Xd Inc. Stock Forecast
Green day on Friday for Xd Inc. stock after gaining 1.18%
(Updated on Jun 28, 2024)
The Xd Inc. stock price gained 1.18% on the last trading day (Friday, 28th Jun 2024), rising from HK$18.60 to HK$18.82. During the last trading day the stock fluctuated 5.18% from a day low at HK$18.16 to a day high of HK$19.10. The price has fallen in 6 of the last 10 days and is down by -7.75% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$55.15 million.
The stock lies in the middle of a wide and 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 -4.72% during the next 3 months and, with a 90% probability hold a price between HK$16.87 and HK$19.90 at the end of this 3-month period.
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2400.HK Signals & Forecast
There are mixed signals in the stock today. The Xd Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 HK$19.44 and HK$19.76. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.18%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Xd Inc. stock
Xd Inc. finds support from accumulated volume at HK$18.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 HK$0.94 between high and low, or 5.18%. For the last week, the stock has had daily average volatility of 4.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2400.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Xd Inc. to open at HK$18.69, and during the day (based on 14 day Average True Range), to move between HK$17.84 and HK$19.80, which gives a possible trading interval of +/-HK$0.98 (+/-5.22%) up or down from last closing price. If Xd Inc. takes out the full calculated possible swing range there will be an estimated 10.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$18.60 (1.17%) than the resistance at HK$20.50 (8.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xd Inc. stock A Buy?
Xd Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.019 Sell Candidate Unchanged
Predicted Opening Price for Xd Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$18.69 ( 0.673%) | HK$18.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2400.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.63 | 4.32% |
| R2 | 19.27 | 2.41% |
| R1 | 19.05 | 1.23% |
| Price | 18.82 | |
| S1 | 18.33 | -2.58% |
| S2 | 18.11 | -3.76% |
| S3 | 17.75 | -5.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.15 | 12.38% |
| R2 | 20.55 | 9.19% |
| R1 | 20.50 | 8.93% |
| Price | 18.82 | |
| S1 | 18.60 | -1.17% |
| S2 | 18.38 | -2.34% |
| S3 | 18.22 | -3.19% |
FAQ
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