Xalles Holdings Inc Stock Forecast
Volatile ride for Xalles Holdings Inc stock price on Friday moving between $0.0011 and $0.0013
(Updated on May 17, 2024)
The Xalles Holdings Inc stock price fell by -5.88% on the last day (Friday, 17th May 2024) from $0.0013 to $0.0012. During the last trading day the stock fluctuated 18.18% from a day low at $0.0011 to a day high of $0.0013. The price has fallen in 6 of the last 10 days. Volume has increased on the last day by 6 million 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, 10 million shares were bought and sold for approximately $11.47 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0011 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Xalles Holdings Inc stock with a 90% probability to be traded between $0.0011 and $0.0018 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XALL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xalles Holdings 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 $0.0013 and $0.0013. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Xalles Holdings Inc 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, April 26, 2024 and based on theory for this formation the price should fall by -52.08% to $0.0006 within 32 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Xalles Holdings Inc stock
Xalles Holdings Inc finds support from accumulated volume at $0.0012 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 18.18%. For the last week, the stock has had daily average volatility of 15.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XALL) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Xalles Holdings Inc to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0014, which gives a possible trading interval of +/-$0.0002 (+/-19.47%) up or down from last closing price. If Xalles Holdings Inc takes out the full calculated possible swing range there will be an estimated 38.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0012 (4.17%) than the resistance at $0.0013 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xalles Holdings Inc stock A Buy?
Xalles Holdings Inc 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: -1.911 Sell Candidate Unchanged
Predicted Opening Price for Xalles Holdings Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0012 ( 0%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XALL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | 16.67 % | |
| R2 | 0.0013 | 10.30 % | ||
| R1 | 0.0013 | 6.37 % | ||
| Current price: | 0.0012 | |||
| Support | S1 | 0.0011 | -6.37 % | |
| S2 | 0.0011 | -10.30 % | ||
| S3 | 0.0010 | -16.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | 16.67 % | |
| R2 | 0.0013 | 8.33 % | ||
| R1 | 0.0013 | 4.17 % | ||
| Current price | 0.0012 | |||
| Support | S1 | 0.0012 | -4.17% | |
| S2 | 0.0011 | -8.33% | ||
| S3 | 0 | . |
FAQ
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