Xilam Animation Stock Forecast
Xilam Animation stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
The Xilam Animation stock price fell by -2.00% on the last day (Tuesday, 2nd Jul 2024) from 4.25€ to 4.17€. During the last trading day the stock fluctuated 2.91% from a day low at 4.13€ to a day high of 4.25€. The price has fallen in 7 of the last 10 days but is still up by 0.85% 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 -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately 17.44€ thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 3.88€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Xilam Animation stock with a 90% probability to be traded between 3.82€ and 5.32€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XIL.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 7.35%. Further rise is indicated until a new top pivot has been found. 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. The Xilam Animation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 4.65€. On a fall, the stock will find some support from the short-term average at 4.05€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Xilam Animation stock
Xilam Animation finds support from accumulated volume at 4.05€ 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 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 0.120€ between high and low, or 2.91%. For the last week the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XIL.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Xilam Animation to open at 4.18€, and during the day (based on 14 day Average True Range), to move between 3.99€ and 4.34€, which gives a possible trading interval of +/-0.172€ (+/-4.13%) up or down from last closing price. If Xilam Animation takes out the full calculated possible swing range there will be an estimated 8.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.05€ (2.76%) than the resistance at 4.39€ (5.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xilam Animation stock A Buy?
Xilam Animation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.219 Sell Candidate Downgraded
Predicted Opening Price for Xilam Animation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 4.18€ ( 0.320%) | 4.17€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XIL.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.30 | 3.20% |
| R2 | 4.25 | 2.10% |
| R1 | 4.22 | 1.42% |
| Price | 4.17 | |
| S1 | 4.13 | -0.780% |
| S2 | 4.10 | -1.46% |
| S3 | 4.06 | -2.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.77 | 14.53% |
| R2 | 4.49 | 7.80% |
| R1 | 4.39 | 5.40% |
| Price | 4.17 | |
| S1 | 4.05 | -2.76% |
| S2 | 4.02 | -3.48% |
| S3 | 3.91 | -6.24% |
FAQ
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