Xcel Brands Stock Forecast
Red day on Tuesday for Xcel Brands stock after losing 2.02%
(Updated on Jul 02, 2024)
The Xcel Brands stock price fell by -2.02% on the last day (Tuesday, 2nd Jul 2024) from $0.610 to $0.598. During the last trading day the stock fluctuated 8.54% from a day low at $0.597 to a day high of $0.648. The price has fallen in 5 of the last 10 days and is down by -12.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 14 thousand shares were bought and sold for approximately $8.12 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.585 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.34% during the next 3 months and, with a 90% probability hold a price between $0.484 and $0.592 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XELB Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xcel Brands 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 $0.604 and $0.678. A break-up above any of these levels will issue buy signals. 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 stock 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 Xcel Brands stock
Xcel Brands finds support from accumulated volume at $0.590 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0510 between high and low, or 8.54%. For the last week the stock has had daily average volatility of 7.00%.
Xcel Brands is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XELB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Xcel Brands to open at $0.614, and during the day (based on 14 day Average True Range), to move between $0.548 and $0.648, which gives a possible trading interval of +/-$0.0501 (+/-8.37%) up or down from last closing price. If Xcel Brands takes out the full calculated possible swing range there will be an estimated 16.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.590 (1.34%) than the resistance at $0.700 (17.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xcel Brands stock A Buy?
Xcel Brands holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.574 Sell Candidate Unchanged
Predicted Opening Price for Xcel Brands of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.614 ( 2.73%) | $0.598 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XELB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.665 | 11.26% |
| R2 | 0.646 | 8.00% |
| R1 | 0.634 | 5.99% |
| Price | 0.598 | |
| S1 | 0.595 | -0.527% |
| S2 | 0.583 | -2.54% |
| S3 | 0.563 | -5.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.741 | 23.86% |
| R2 | 0.718 | 20.07% |
| R1 | 0.700 | 17.06% |
| Price | 0.598 | |
| S1 | 0.590 | -1.34% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Xcel Brands Stock.
