Xplora Technologies AS Stock Forecast
Xplora Technologies AS stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)
The Xplora Technologies AS stock price fell by -1.50% on the last day (Monday, 17th Jun 2024) from kr13.35 to kr13.15. During the last trading day the stock fluctuated 3.47% from a day low at kr12.95 to a day high of kr13.40. The price has risen in 6 of the last 10 days but is still down by -1.13% for this period. Volume has increased on the last day by 17 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, 28 thousand shares were bought and sold for approximately kr372.79 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.58% during the next 3 months and, with a 90% probability hold a price between kr11.37 and kr13.20 at the end of this 3-month period.
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XPLRA.OL Signals & Forecast
The Xplora Technologies AS stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr12.84 and kr13.03. 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, June 13, 2024, and so far it has fallen -2.23%. Further fall is indicated until a new bottom pivot has been found. Xplora Technologies AS 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".
Support, Risk & Stop-loss for Xplora Technologies AS stock
Xplora Technologies AS finds support from accumulated volume at kr12.95 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.450 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 5.96%.
Our recommended stop-loss: kr12.68 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (XPLRA.OL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Xplora Technologies AS to open at kr13.17, and during the day (based on 14 day Average True Range), to move between kr12.31 and kr13.99, which gives a possible trading interval of +/-kr0.84 (+/-6.39%) up or down from last closing price. If Xplora Technologies AS takes out the full calculated possible swing range there will be an estimated 12.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr12.95 (1.52%) than the resistance at kr13.45 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xplora Technologies AS stock A Buy?
Xplora Technologies AS 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.217 Hold/Accumulate Upgraded
Predicted Opening Price for Xplora Technologies AS of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| kr13.17 ( 0.127%) | kr13.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPLRA.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.62 | 3.55% |
| R2 | 13.44 | 2.24% |
| R1 | 13.34 | 1.43% |
| Price | 13.15 | |
| S1 | 12.99 | -1.18% |
| S2 | 12.89 | -1.99% |
| S3 | 12.72 | -3.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.75 | 4.56% |
| R2 | 13.70 | 4.18% |
| R1 | 13.45 | 2.28% |
| Price | 13.15 | |
| S1 | 12.95 | -1.52% |
| S2 | 12.35 | -6.08% |
| S3 | 12.30 | -6.46% |
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