Destination XL Group Stock Forecast

Sell candidate since Mar 03, 2025 Loss -53.33%

The Destination XL Group stock price gained 1.16% on the last trading day (Friday, 25th Apr 2025), rising from $0.97 to $0.98. During the last trading day the stock fluctuated 6.63% from a day low at $0.92 to a day high of $0.98. The price has fallen in 7 of the last 10 days and is down by -12.49% for this period. Volume fell on the last day by -120 thousand shares and in total, 309 thousand shares were bought and sold for approximately $303.05 thousand. 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 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 -64.27% during the next 3 months and, with a 90% probability hold a price between $0.264 and $0.411 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.

DXLG Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 16, 2025, and so far it has risen 4.39%. 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 Destination XL Group 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 $1.45. On a fall, the stock will find some support from the short-term average at $0.97. 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. 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 also not.

Support, Risk & Stop-loss for Destination XL Group stock

Destination XL Group finds support from accumulated volume at $0.97 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 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 $0.0610 between high and low, or 6.63%. For the last week the stock has had daily average volatility of 8.62%.

Destination XL Group is oversold on RSI14 (24). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DXLG) For The Upcoming Trading Day Of Monday 28th

For the upcoming trading day on Monday, 28th we expect Destination XL Group to open at $0.96, and during the day (based on 14 day Average True Range), to move between $0.86 and $1.10, which gives a possible trading interval of +/-$0.118 (+/-12.03%) up or down from last closing price. If Destination XL Group takes out the full calculated possible swing range there will be an estimated 24.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.99 (1.05%) than the support at $0.97 (1.14%), 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 Destination XL Group stock A Buy?

Destination XL Group 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: -2.636 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on April 28, 2025 - $0.96 ( 2.01%).