Xenetic Biosciences Inc - Warrants ETF Forecast

Evaluation of Xenetic Biosciences Inc - Warrants ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)

XBIOW Signals & Forecast

The Xenetic Biosciences Inc - Warrants ETF 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 $14.88 and $12.08. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Xenetic Biosciences Inc - Warrants ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $14.26 and $13.60. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Xenetic Biosciences Inc - Warrants finds support just below today's level at $14.26. If this is broken, then the next support from accumulated volume will be at $13.60 and $13.59.

In general the ETF 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 ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 4.01%

Our recommended stop-loss: $16.11 (-3.84%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (XBIOW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Xenetic Biosciences Inc - Warrants (19/07/2024) to open at $16.75, and during the day (based on 14 day Average True Range), to move between $15.73 and $17.77, which gives a possible trading interval of +/-$1.02 (+/-6.07%) up or down from last closing price. If Xenetic Biosciences Inc - Warrants (19/07/2024) takes out the full calculated possible swing range there will be an estimated 12.14% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $14.26, some $2.49 (14.87%) from the current price of $16.75, our system finds the risk reward attractive.

Is Xenetic Biosciences Inc - Warrants (19/07/2024) ETF A Buy?

Xenetic Biosciences Inc - Warrants holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Xenetic Biosciences Inc - Warrants (19/07/2024) of Wednesday, June 26, 2024

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