Xalles Holdings Inc Stock Forecast
Evaluation of Xalles Holdings Inc stock downgraded after the last trading session.
(Updated on Jun 14, 2024)
No changes to the price of Xalles Holdings Inc stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0012 to a day high of $0.0012. The price has fallen in 4 of the last 10 days and is down by -2.04% for this period.
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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XALL Signals & Forecast
There are mixed signals in the stock today. 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 $0.0012 and $0.0013. 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 Thursday, June 13, 2024, 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).
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 13.89% to $0.0014 within 6 trading days since signal was issued (Monday, June 17, 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.
In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock 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 (XALL) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Xalles Holdings Inc to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0013, which gives a possible trading interval of +/-$0.0001 (+/-9.10%) up or down from last closing price. If Xalles Holdings Inc takes out the full calculated possible swing range there will be an estimated 18.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0012 (3.33%) than the support at $0.0012 (4.17%), 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 Xalles Holdings Inc stock A Buy?
Xalles Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.486 Sell Candidate Downgraded
Predicted Opening Price for Xalles Holdings Inc of Monday, June 17, 2024
| Fair opening price June 17, 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 | |
|---|---|---|
| R3 | 0.0012 | - |
| R2 | 0.0012 | - |
| R1 | 0.0012 | - |
| Price | 0.0012 | |
| S1 | 0.0012 | - |
| S2 | 0.0012 | - |
| S3 | 0.0012 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 16.67% |
| R2 | 0.0013 | 8.33% |
| R1 | 0.0012 | 3.33% |
| Price | 0.0012 | |
| S1 | 0.0012 | -4.17% |
| S2 | 0.0011 | -8.33% |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Xalles Holdings Inc Stock.
