Xcel Brands Stock Forecast
Xcel Brands stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Xcel Brands stock price gained 4.48% on the last trading day (Friday, 19th Apr 2024), rising from $0.670 to $0.700. During the last trading day the stock fluctuated 4.29% from a day low at $0.686 to a day high of $0.715. The price has fallen in 7 of the last 10 days and is down by -12.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 146 thousand shares were bought and sold for approximately $102.04 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.654 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.32% during the next 3 months and, with a 90% probability hold a price between $0.390 and $0.556 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.
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XELB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.48%. Further rise is indicated until a new top pivot has been found. Xcel Brands 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. Higher liquidity also reduces the general risk. 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 $0.729 and $0.84. 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).
Support, Risk & Stop-loss for Xcel Brands stock
Xcel Brands finds support from accumulated volume at $0.670 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 $0.0294 between high and low, or 4.29%. For the last week, the stock has had daily average volatility of 6.34%.
Xcel Brands is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Xcel Brands to open at $0.700, and during the day (based on 14 day Average True Range), to move between $0.623 and $0.777, which gives a possible trading interval of +/-$0.0767 (+/-10.96%) up or down from last closing price. If Xcel Brands takes out the full calculated possible swing range there will be an estimated 21.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.670 (4.29%) than the resistance at $0.741 (5.81%), 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 very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.452 Sell Candidate Upgraded
Predicted Opening Price for Xcel Brands of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.700 ( 0.0286%) | $0.700 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.730 | 4.23 % | |
| R2 | 0.718 | 2.62 % | ||
| R1 | 0.711 | 1.63 % | ||
| Current price: | 0.700 | |||
| Support | S1 | 0.689 | -1.58 % | |
| S2 | 0.682 | -2.57 % | ||
| S3 | 0.671 | -4.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.755 | 7.86 % | |
| R2 | 0.746 | 6.50 % | ||
| R1 | 0.741 | 5.81 % | ||
| Current price | 0.700 | |||
| Support | S1 | 0.670 | -4.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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