Xiao-i Corporation Stock Forecast
High volatility in Xiao-i Corporation stock price on Tuesday which ended trading at $0.740
(Updated on Jun 25, 2024)
The Xiao-i Corporation stock price fell by -3.95% on the last day (Tuesday, 25th Jun 2024) from $0.770 to $0.740. During the last trading day the stock fluctuated 16.02% from a day low at $0.724 to a day high of $0.84. The price has fallen in 6 of the last 10 days and is down by -12.59% for this period. Volume has increased on the last day by 148 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 260 thousand shares were bought and sold for approximately $192.73 thousand.
The stock lies in the middle of a very 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 -56.78% during the next 3 months and, with a 90% probability hold a price between $0.276 and $0.377 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AIXI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.15%. 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. The Xiao-i Corporation 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 $0.774 and $0.96. A break-up above any of these levels will issue buy signals. Xiao-i Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Xiao-i Corporation stock
Xiao-i Corporation finds support from accumulated volume at $0.732 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the 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 $0.116 between high and low, or 16.02%. For the last week, the stock has had daily average volatility of 12.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIXI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Xiao-i Corporation to open at $0.768, and during the day (based on 14 day Average True Range), to move between $0.639 and $0.84, which gives a possible trading interval of +/-$0.101 (+/-13.65%) up or down from last closing price. If Xiao-i Corporation takes out the full calculated possible swing range there will be an estimated 27.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.732 (1.14%) than the resistance at $0.782 (5.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xiao-i Corporation stock A Buy?
Xiao-i Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.910 Sell Candidate Unchanged
Predicted Opening Price for Xiao-i Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.768 ( 3.78%) | $0.740 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIXI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.88 | 19.46% |
| R2 | 0.84 | 13.47% |
| R1 | 0.81 | 9.77% |
| Price | 0.740 | |
| S1 | 0.724 | -2.20% |
| S2 | 0.696 | -5.90% |
| S3 | 0.652 | -11.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.83 | 12.39% |
| R2 | 0.80 | 8.77% |
| R1 | 0.782 | 5.68% |
| Price | 0.740 | |
| S1 | 0.732 | -1.14% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Xiao-i Corporation Stock.
