Xref Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Xref Limited stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Xref Limited stock price fell by -2.70% on the last day (Friday, 28th Jun 2024) from $0.185 to $0.180. During the last trading day the stock fluctuated 5.56% from a day low at $0.180 to a day high of $0.190. The price has been going up and down for this period, and there has been a 0% change for the last 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 -103 thousand shares and in total, 217 thousand shares were bought and sold for approximately $39.10 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.171 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 66.91% during the next 3 months and, with a 90% probability hold a price between $0.286 and $0.361 at the end of this 3-month period.
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XF1.AX Signals & Forecast
The Xref Limited stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.185. On a fall, the stock will find some support from the long-term average at approximately $0.169. 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 Thursday, June 06, 2024, and so far it has fallen -7.69%. 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 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 Xref Limited stock
Xref Limited finds support from accumulated volume at $0.172 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0100 between high and low, or 5.56%. For the last week the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: $0.169 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (XF1.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xref Limited to open at $0.183, and during the day (based on 14 day Average True Range), to move between $0.173 and $0.187, which gives a possible trading interval of +/-$0.0066 (+/-3.67%) up or down from last closing price. If Xref Limited takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.185 (2.78%) than the support at $0.172 (4.44%), 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 Xref Limited 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 Xref Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.284 Buy Candidate Upgraded
Predicted Opening Price for Xref Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.183 ( 1.85%) | $0.180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XF1.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.193 | 7.41% |
| R2 | 0.190 | 5.29% |
| R1 | 0.187 | 3.97% |
| Price | 0.180 | |
| S1 | 0.180 | -0.270% |
| S2 | 0.177 | -1.58% |
| S3 | 0.173 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.195 | 8.33% |
| R2 | 0.190 | 5.56% |
| R1 | 0.185 | 2.78% |
| Price | 0.180 | |
| S1 | 0.172 | -4.44% |
| S2 | 0.165 | -8.33% |
| S3 | 0.160 | -11.11% |
FAQ
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