Xcelerate Inc. Stock Forecast
Evaluation of Xcelerate Inc. stock downgraded after the last trading session.
(Updated on May 09, 2024)
No changes to the price of Xcelerate Inc. stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0380 to a day high of $0.0380. The price has risen in 5 of the last 10 days and is up by 12.93% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0377, a level that may pose a second chance to hit a runner. According to fan-theory $0.0497 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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XCRT Signals & Forecast
The Xcelerate Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0341 and $0.0358. 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 Wednesday, May 08, 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 Xcelerate Inc. stock
Xcelerate Inc. finds support from accumulated volume at $0.0377 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock 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 2.11%
Our recommended stop-loss: $0.0365 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (XCRT) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Xcelerate Inc. to open at $0.0380, and during the day (based on 14 day Average True Range), to move between $0.0344 and $0.0416, which gives a possible trading interval of +/-$0.0036 (+/-9.45%) up or down from last closing price. If Xcelerate Inc. takes out the full calculated possible swing range there will be an estimated 18.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0381 (0.26%) than the support at $0.0377 (0.83%), 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 Xcelerate Inc. stock A Buy?
Xcelerate Inc. 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.413 Hold/Accumulate Downgraded
Predicted Opening Price for Xcelerate Inc. of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$0.0380 ( 0%) | $0.0380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XCRT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0380 | . | |
R2 | 0.0380 | . | ||
R1 | 0.0380 | . | ||
Current price: | 0.0380 | |||
Support | S1 | 0.0380 | . | |
S2 | 0.0380 | . | ||
S3 | 0.0380 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0425 | 11.84 % | |
R2 | 0.0400 | 5.26 % | ||
R1 | 0.0381 | 0.263 % | ||
Current price | 0.0380 | |||
Support | S1 | 0.0377 | -0.83% | |
S2 | 0.0350 | -7.89% | ||
S3 | 0.0330 | -13.16% |
FAQ
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