XOMA Corporation Stock Forecast
Red day on Tuesday for XOMA Corporation stock after losing 0%
(Updated on Jun 25, 2024)
No changes to the price of XOMA Corporation stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0.198% from a day low at $25.22 to a day high of $25.27. The price has risen in 5 of the last 10 days but is still down by -0.51% for this period.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect XOMA Corporation stock with a 90% probability to be traded between $25.07 and $25.94 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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XOMAO Signals & Forecast
The XOMA Corporation 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 $25.23 and $25.18. 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 Monday, June 10, 2024, and so far it has fallen -0.512%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should go up by 0.97% to $25.52 within 16 trading days since signal was issued (Thursday, June 13, 2024).
Support, Risk & Stop-loss for XOMA Corporation stock
XOMA Corporation finds support from accumulated volume at $25.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0500 between high and low, or 0.198%. For the last week the stock has had daily average volatility of 0.446%
Our recommended stop-loss: $24.29 (-3.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (XOMAO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect XOMA Corporation to open at $25.25, and during the day (based on 14 day Average True Range), to move between $25.10 and $25.44, which gives a possible trading interval of +/-$0.169 (+/-0.67%) up or down from last closing price. If XOMA Corporation takes out the full calculated possible swing range there will be an estimated 1.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.35 (0.32%) than the support at $25.12 (0.59%), 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 XOMA Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for XOMA Corporation stock to perform well in the short-term period.
Current score: 1.318 Buy Candidate Unchanged
Predicted Opening Price for XOMA Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.25 ( 0.0660%) | $25.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XOMAO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.30 | 0.132% |
| R2 | 25.28 | 0.0563% |
| R1 | 25.27 | 0.0096% |
| Price | 25.27 | |
| S1 | 25.23 | -0.142% |
| S2 | 25.22 | -0.188% |
| S3 | 25.20 | -0.264% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.40 | 0.514% |
| R2 | 25.39 | 0.475% |
| R1 | 25.35 | 0.317% |
| Price | 25.27 | |
| S1 | 25.12 | -0.594% |
| S2 | 25.10 | -0.673% |
| S3 | 25.00 | -1.09% |
XOMAO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | Jul 03, 2024 | Jul 15, 2024 | $0.523 | 2.07% |
| 2 | Feb 21, 2024 | Apr 02, 2024 | Apr 15, 2024 | $0.523 | 2.09% |
| 3 | Oct 18, 2023 | Jan 02, 2024 | Jan 16, 2024 | $0.523 | 2.18% |
| 4 | Jul 26, 2023 | Oct 04, 2023 | Oct 16, 2023 | $0.523 | 2.25% |
| 5 | May 17, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.523 | 2.16% |
FAQ
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