XOMA Corporation Stock Forecast
XOMA Corporation stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The XOMA Corporation stock price fell by -0.422% on the last day (Friday, 3rd May 2024) from $25.10 to $24.99. During the last trading day the stock fluctuated 0.82% from a day low at $24.99 to a day high of $25.20. The price has fallen in 5 of the last 10 days and is down by -0.38% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $34.67 thousand.
The stock is at the lower part of a narrow 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 $24.91 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect XOMA Corporation stock with a 90% probability to be traded between $25.23 and $26.15 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XOMAO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.418%. 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 XOMA Corporation 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 $25.08. On a fall, the stock will find some support from the short-term average at $24.99. 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. XOMA Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.
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 Tuesday, September 12, 2023 in the long-term chart.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.
Support, Risk & Stop-loss for XOMA Corporation stock
XOMA Corporation finds support from accumulated volume at $24.75 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.206 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 0.353%.
Our recommended stop-loss: $23.78 (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (XOMAO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect XOMA Corporation to open at $25.06, and during the day (based on 14 day Average True Range), to move between $24.86 and $25.13, which gives a possible trading interval of +/-$0.135 (+/-0.54%) up or down from last closing price. If XOMA Corporation takes out the full calculated possible swing range there will be an estimated 1.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.00 (0.00%) than the support at $24.75 (0.98%), 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.
Earnings coming up
XOMA Corporation will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for XOMA Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.91% in the first trading day after earnings release.
Is XOMA Corporation stock A Buy?
XOMA Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for XOMA Corporation of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$25.06 ( 0.275%) | $24.99 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 25.27 | 1.10 % | |
R2 | 25.19 | 0.784 % | ||
R1 | 25.14 | 0.589 % | ||
Current price: | 24.99 | |||
Support | S1 | 24.98 | -0.0401 % | |
S2 | 24.94 | -0.235 % | ||
S3 | 24.86 | -0.549 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.12 | 0.504 % | |
R2 | 25.00 | 0.0236 % | ||
R1 | 25.00 | 0.0036 % | ||
Current price | 24.99 | |||
Support | S1 | 24.75 | -0.98% | |
S2 | 24.59 | -1.62% | ||
S3 | 24.50 | -1.98% |
XOMAO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 02, 2024 | Apr 02, 2024 | Apr 02, 2024 | $0 | 0% |
2 | Oct 18, 2023 | Jan 02, 2024 | Jan 16, 2024 | $0.523 | 2.18% |
3 | Jul 26, 2023 | Oct 04, 2023 | Oct 16, 2023 | $0.523 | 2.25% |
4 | May 17, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.523 | 2.16% |
5 | Feb 22, 2023 | Apr 03, 2023 | Apr 17, 2023 | $0.523 | 2.18% |
FAQ
Click here for our free guide on how to buy XOMA Corporation Stock.