Xeriant Inc Stock Forecast
Evaluation of Xeriant Inc stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Xeriant Inc stock price fell by -1.67% on the last day (Friday, 17th May 2024) from $0.0300 to $0.0295. During the last trading day the stock fluctuated 7.83% from a day low at $0.0288 to a day high of $0.0310. The price has risen in 7 of the last 10 days and is up by 47.87% over the past 2 weeks. 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 -1 million shares and in total, 499 thousand shares were bought and sold for approximately $14.71 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0301 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 43.37% during the next 3 months and, with a 90% probability hold a price between $0.0304 and $0.0432 at the end of this 3-month period.
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XERI Signals & Forecast
The Xeriant Inc stock 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 $0.0265 and $0.0218. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 16, 2024, and so far it has fallen -1.67%. Further fall is indicated until a new bottom pivot has been found. 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 Xeriant Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0279 and $0.0270. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Xeriant Inc finds support just below today's level at $0.0279. If this is broken, then the next support from accumulated volume will be at $0.0270 and $0.0240.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0023 between high and low, or 7.83%. For the last week the stock has had daily average volatility of 22.69%.
Our recommended stop-loss: $0.0283 (-4.17%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (XERI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Xeriant Inc to open at $0.0298, and during the day (based on 14 day Average True Range), to move between $0.0261 and $0.0329, which gives a possible trading interval of +/-$0.0034 (+/-11.64%) up or down from last closing price. If Xeriant Inc takes out the full calculated possible swing range there will be an estimated 23.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0300 (1.69%) than the support at $0.0279 (5.42%), 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 Xeriant Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xeriant Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.651 Buy Candidate Downgraded
Predicted Opening Price for Xeriant Inc of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$0.0298 ( 0.85%) | $0.0295 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XERI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0320 | 8.47 % | |
R2 | 0.0311 | 5.56 % | ||
R1 | 0.0306 | 3.76 % | ||
Current price: | 0.0295 | |||
Support | S1 | 0.0289 | -2.07 % | |
S2 | 0.0284 | -3.87 % | ||
S3 | 0.0275 | -6.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.0300 | 1.69 % | ||
Current price | 0.0295 | |||
Support | S1 | 0.0279 | -5.42% | |
S2 | 0.0270 | -8.47% | ||
S3 | 0.0240 | -18.64% |
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