Energy Xxi (bermuda) Fund Forecast

Sell candidate since Mar 13, 2018 Loss -32.99%

No changes to the price of Energy XXI (Bermuda) Ltd fund on the last trading day (Tuesday, 17th Apr 2018). During the last trading day the fund fluctuated 0% from a day low at $3.88 to a day high of $3.88. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund 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 fund is expected to fall -42.46% during the next 3 months and, with a 90% probability hold a price between $1.39 and $2.81 at the end of this 3-month period. Do note, that if the fund 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.

EXXI Signals & Forecast

There are mixed signals in the fund today. The Energy XXI (Bermuda) Ltd fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the fund. 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 $3.88 and $4.57. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 Tuesday, March 20, 2018, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for Energy XXI (Bermuda) Ltd fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

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

Trading Expectations (EXXI) For The Upcoming Trading Day Of Wednesday 18th

For the upcoming trading day on Wednesday, 18th we expect Energy XXI (Bermuda) Ltd to open at $3.88, and during the day (based on 14 day Average True Range), to move between $3.82 and $3.94, which gives a possible trading interval of +/-$0.127 (+/-3.33%) up or down from last closing price. If Energy XXI (Bermuda) Ltd takes out the full calculated possible swing range there will be an estimated 3.33% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $4.08, some $0.200 (5.15%) from the current price of $3.88, our system finds the risk reward not very attractive.

Is Energy XXI (Bermuda) Ltd fund A Buy?

Energy XXI (Bermuda) Ltd 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 fund.

Current score: -1.910 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on April 18, 2018 - $3.88 ( 0.00000000000001%).

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