Xenetic Biosciences Inc Stock Forecast
Volatile ride for Xenetic Biosciences Inc stock price on Thursday moving between $3.92 and $4.39
(Updated on Apr 18, 2024)
The Xenetic Biosciences Inc stock price gained 7.25% on the last trading day (Thursday, 18th Apr 2024), rising from $3.86 to $4.14. During the last trading day the stock fluctuated 11.99% from a day low at $3.92 to a day high of $4.39. The price has fallen in 6 of the last 10 days and is down by -5.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $32.68 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.00% during the next 3 months and, with a 90% probability hold a price between $4.77 and $5.93 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XBIO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Xenetic Biosciences Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xenetic Biosciences Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.23 and $4.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -12.29%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Xenetic Biosciences Inc stock
Xenetic Biosciences Inc finds support from accumulated volume at $4.05 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.470 between high and low, or 11.99%. For the last week, the stock has had daily average volatility of 7.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XBIO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Xenetic Biosciences Inc to open at $4.15, and during the day (based on 14 day Average True Range), to move between $3.86 and $4.42, which gives a possible trading interval of +/-$0.283 (+/-6.83%) up or down from last closing price. If Xenetic Biosciences Inc takes out the full calculated possible swing range there will be an estimated 13.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.20 (1.45%) than the support at $4.05 (2.17%), 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 Xenetic Biosciences Inc stock A Buy?
The Xenetic Biosciences Inc stock holds several negative signals and despite the positive trend, we believe Xenetic Biosciences Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.567 Sell Candidate Upgraded
Predicted Opening Price for Xenetic Biosciences Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$4.15 ( 0.242%) | $4.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XBIO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.62 | 11.59 % | |
R2 | 4.44 | 7.26 % | ||
R1 | 4.33 | 4.58 % | ||
Current price: | 4.14 | |||
Support | S1 | 3.97 | -4.10 % | |
S2 | 3.86 | -6.77 % | ||
S3 | 3.68 | -11.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.62 | 11.59 % | |
R2 | 4.35 | 5.07 % | ||
R1 | 4.20 | 1.45 % | ||
Current price | 4.14 | |||
Support | S1 | 4.05 | -2.17% | |
S2 | 3.95 | -4.59% | ||
S3 | 3.27 | -21.01% |
FAQ
Click here for our free guide on how to buy Xenetic Biosciences Inc Stock.