Xponential Fitness, Inc. Stock Forecast
Green day on Thursday for Xponential Fitness, Inc. stock after gaining 3.23%
(Updated on May 02, 2024)
The Xponential Fitness, Inc. stock price gained 3.23% on the last trading day (Thursday, 2nd May 2024), rising from $13.01 to $13.43. During the last trading day the stock fluctuated 5.10% from a day low at $12.84 to a day high of $13.50. The price has been going up and down for this period, and there has been a 2.32% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 298 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $13.65 million.
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 $12.49 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 27.53% during the next 3 months and, with a 90% probability hold a price between $15.93 and $23.05 at the end of this 3-month period.
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XPOF Signals & Forecast
There are mixed signals in the stock today. The Xponential Fitness, Inc. 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 $14.36. On a fall, the stock will find some support from the short-term average at $12.86. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -18.80%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Xponential Fitness, Inc. stock
Xponential Fitness, Inc. finds support from accumulated volume at $12.94 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.655 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XPOF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Xponential Fitness, Inc. to open at $13.26, and during the day (based on 14 day Average True Range), to move between $12.72 and $14.14, which gives a possible trading interval of +/-$0.711 (+/-5.29%) up or down from last closing price. If Xponential Fitness, Inc. takes out the full calculated possible swing range there will be an estimated 10.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.94 (3.65%) than the resistance at $14.05 (4.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xponential Fitness, Inc. stock A Buy?
Xponential Fitness, Inc. 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.
Current score: -1.809 Sell Candidate Unchanged
Predicted Opening Price for Xponential Fitness, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $13.26 ( 1.30%) | $13.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.91 | 3.57 % | |
| R2 | 13.66 | 1.71 % | ||
| R1 | 13.51 | 0.560 % | ||
| Current price: | 13.43 | |||
| Support | S1 | 13.00 | -3.17 % | |
| S2 | 12.85 | -4.32 % | ||
| S3 | 12.60 | -6.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.06 | 12.14 % | |
| R2 | 14.87 | 10.72 % | ||
| R1 | 14.05 | 4.62 % | ||
| Current price | 13.43 | |||
| Support | S1 | 12.94 | -3.65% | |
| S2 | 12.59 | -6.25% | ||
| S3 | 10.08 | -24.94% |
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