XANO Industri AB (publ) Stock Forecast

Red day on Thursday for XANO Industri AB (publ)
(Updated on May 30, 2024)

XANO-B.ST Signals & Forecast

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 XANO Industri AB (publ) 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 kr91.31 and kr94.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -14.31%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, February 01, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for XANO Industri AB (publ) stock

XANO Industri AB (publ) finds support from accumulated volume at kr88.80 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 kr2.70 between high and low, or 3.01%. For the last week the stock has had daily average volatility of 4.55%.

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

Trading Expectations (XANO-B.ST) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect XANO Industri AB (publ) to open at kr90.70, and during the day (based on 14 day Average True Range), to move between kr84.72 and kr94.88, which gives a possible trading interval of +/-kr5.08 (+/-5.66%) up or down from last closing price. If XANO Industri AB (publ) takes out the full calculated possible swing range there will be an estimated 11.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr88.80 (1.11%) than the resistance at kr90.90 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is XANO Industri AB (publ) stock A Buy?

The XANO Industri AB (publ) stock holds several negative signals and despite the positive trend, we believe XANO Industri AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.450 Sell Candidate Unchanged

Predicted Opening Price for XANO Industri AB (publ) of Friday, May 31, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.