Xenetic Biosciences Inc - Warrants ETF Forecast

Red day on Friday for Xenetic Biosciences Inc - Warrants ETF after losing 0.423%
(Updated on Jun 28, 2024)

XBIOW Signals & Forecast

The Xenetic Biosciences Inc - Warrants ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $15.66. On a fall, the ETF will find some support from the long-term average at approximately $12.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 26, 2024, and so far it has fallen -15.58%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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

Xenetic Biosciences Inc - Warrants finds support from accumulated volume at $13.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move very much during the day (volatility) and with periodic low trading volume this ETF is considered to be "very high risk". 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 0.113%.

Our recommended stop-loss: $13.28 (-6.08%) (This ETF has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (XBIOW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xenetic Biosciences Inc - Warrants (19/07/2024) to open at $14.14, and during the day (based on 14 day Average True Range), to move between $13.15 and $15.13, which gives a possible trading interval of +/-$0.99 (+/-7.02%) 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 14.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.26 (0.85%) than the support at $13.60 (3.82%), 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 - 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.

Current score: -0.300 Hold/Accumulate Unchanged

Predicted Opening Price for Xenetic Biosciences Inc - Warrants (19/07/2024) of Monday, July 1, 2024

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