Xalles Holdings Inc Stock Forecast
Strong day for Xalles Holdings Inc stock price on Tuesday rising 8.33% to $0.0013
(Updated on Jun 25, 2024)
The Xalles Holdings Inc stock price gained 8.33% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0012 to $0.0013. During the last trading day the stock fluctuated 0% from a day low at $0.0013 to a day high of $0.0013. The price has been going up and down for this period, and there has been a 8.33% gain for the last 2 weeks. Volume fell on the last day by -99 thousand shares and in total, 2 million shares were bought and sold for approximately $2.73 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 is moving within a very wide and horizontal trend and further movements within this trend can 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
The Xalles Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0013 and $0.0013. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 13.04%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
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 has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 8.33%.
Our recommended stop-loss: $0.0013 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (XALL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Xalles Holdings Inc to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0014, which gives a possible trading interval of +/-$0.0001 (+/-8.47%) up or down from last closing price. If Xalles Holdings Inc takes out the full calculated possible swing range there will be an estimated 16.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0014 (3.85%) than the support at $0.0012 (4.62%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Xalles Holdings Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.687 Buy Candidate Upgraded
Predicted Opening Price for Xalles Holdings Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0013 ( 0%) | $0.0013 |
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 | 0.0013 | - |
| R2 | 0.0013 | - |
| R1 | 0.0013 | - |
| Price | 0.0013 | |
| S1 | 0.0013 | - |
| S2 | 0.0013 | - |
| S3 | 0.0013 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0015 | 15.38% |
| R2 | 0.0014 | 7.69% |
| R1 | 0.0014 | 3.85% |
| Price | 0.0013 | |
| S1 | 0.0012 | -4.62% |
| S2 | 0.0012 | -7.69% |
| S3 | 0.0011 | -15.38% |
FAQ
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