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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of XPON
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Expion360 Inc. stock downgraded to Strong Sell Candidate
(Updated on Jun 26, 2024)

Sell candidate since Apr 19, 2024 Loss -60.47% PDF

The Expion360 Inc. stock price fell by -2.86% on the last day (Wednesday, 26th Jun 2024) from $1.05 to $1.02. During the last trading day the stock fluctuated 5.94% from a day low at $1.01 to a day high of $1.07. The price has fallen in 7 of the last 10 days and is down by -20.93% for this period. 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 -6 thousand shares and in total, 18 thousand shares were bought and sold for approximately $18.46 thousand.

The stock lies in the middle of a very 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 -41.88% during the next 3 months and, with a 90% probability hold a price between $0.401 and $1.18 at the end of this 3-month period.

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XPON Signals & Forecast

There are few to no technical positive signals at the moment. The Expion360 Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.07 and $1.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -67.62%. 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 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 Expion360 Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0600 between high and low, or 5.94%. For the last week the stock has had daily average volatility of 12.00%.

Expion360 Inc. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XPON) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Expion360 Inc. to open at $1.03, and during the day (based on 14 day Average True Range), to move between $0.84 and $1.20, which gives a possible trading interval of +/-$0.177 (+/-17.34%) up or down from last closing price. If Expion360 Inc. takes out the full calculated possible swing range there will be an estimated 34.69% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $1.03, some $0.0100 (0.98%) from the current price of $1.02, our system finds the risk reward not very attractive.

Is Expion360 Inc. stock A Buy?

Expion360 Inc. holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.370 Strong Sell Candidate Downgraded

Predicted Opening Price for Expion360 Inc. of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
$1.03 ( 1.31%) $1.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XPON

Fibonacci Support & Resistance Levels

Level Price
R3 1.09 7.19%
R2 1.07 4.94%
R1 1.06 3.55%
Price 1.02
S1 1.01 -0.94%
S2 1.00 -2.33%
S3 0.97 -4.58%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1.23 20.14%
R2 1.07 4.90%
R1 1.03 0.98%
Price 1.02
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Expion360 Inc. Stock and on which exchange is it traded?
The symbol for Expion360 Inc. is XPON and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Expion360 Inc. Stock?
Expion360 Inc. holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

How to buy Expion360 Inc. Stock?
Expion360 Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Expion360 Inc. Stock.

What's the current price of Expion360 Inc. Stock?
As of the end of day on the Jun 26, 2024, the price of an Expion360 Inc. (XPON) share was $1.02.

What is the 52-week high and low for Expion360 Inc. Stock?
The 52-week high for Expion360 Inc. Stock is $6.39 and the 52-week low is $1.01.

What is the market capitalization of Expion360 Inc. Stock?
As of the Jun 26, 2024, the market capitalization of Expion360 Inc. is 7.594M.

When is the next earnings date for Expion360 Inc.?
The upcoming earnings date for Expion360 Inc. is Aug 08, 2024.
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