RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of XRX
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Xerox Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 24, 2024)

Hold candidate since Jul 24, 2024 PDF

The Xerox Corporation stock price gained 0.86% on the last trading day (Wednesday, 24th Jul 2024), rising from $11.68 to $11.78. During the last trading day the stock fluctuated 3.17% from a day low at $11.67 to a day high of $12.04. The price has risen in 5 of the last 10 days and is up by 12.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 309 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $26.70 million.

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 -17.93% during the next 3 months and, with a 90% probability hold a price between $8.24 and $10.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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XRX Signals & Forecast

There are mixed signals in the stock today. The Xerox Corporation 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 $11.87 and $12.48. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, July 10, 2024, and so far it has risen 12.08%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Xerox Corporation stock

Xerox Corporation finds support from accumulated volume at $11.62 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 $0.370 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 2.96%.

Our recommended stop-loss: $11.32 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (XRX) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Xerox Corporation to open at $11.83, and during the day (based on 14 day Average True Range), to move between $11.36 and $12.20, which gives a possible trading interval of +/-$0.415 (+/-3.53%) up or down from last closing price. If Xerox Corporation takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.89 (0.93%) than the support at $11.62 (1.36%), 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 Xerox Corporation stock A Buy?

Xerox 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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Current score: 0.134 Hold/Accumulate Upgraded

Predicted Opening Price for Xerox Corporation of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$11.83 ( 0.424%) $11.78

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

Trading levels for XRX

Fibonacci Support & Resistance Levels

Level Price
R3 12.20 3.57%
R2 12.06 2.37%
R1 11.97 1.62%
Price 11.78
S1 11.69 -0.775%
S2 11.60 -1.52%
S3 11.46 -2.72%

Accumulated Volume Support & Resistance Levels

Level Price
R3 13.86 17.66%
R2 13.29 12.82%
R1 11.89 0.93%
Price 11.78
S1 11.62 -1.36%
S2 11.14 -5.43%
S3 10.75 -8.74%

XRX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 28, 2024 Jun 28, 2024 Jul 31, 2024 $0.250 2.12%
2 Feb 22, 2024 Mar 27, 2024 Apr 30, 2024 $0.250 1.88%
3 Oct 19, 2023 Dec 28, 2023 Jan 31, 2024 $0.250 1.35%
4 Jul 20, 2023 Sep 28, 2023 Oct 31, 2023 $0.250 1.95%
5 May 25, 2023 Jun 29, 2023 Jul 31, 2023 $0.250 1.56%

FAQ

What is the symbol for Xerox Corporation Stock and on which exchange is it traded?
The symbol for Xerox Corporation is XRX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Xerox Corporation Stock?
Xerox 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Xerox Corporation Stock?
As of the end of day on the Jul 24, 2024, the price of an Xerox Corporation (XRX) share was $11.78.

What is the 52-week high and low for Xerox Corporation Stock?
The 52-week high for Xerox Corporation Stock is $19.78 and the 52-week low is $10.28.

What is the market capitalization of Xerox Corporation Stock?
As of the Jul 24, 2024, the market capitalization of Xerox Corporation is 1.463B.

When is the next earnings date for Xerox Corporation?
The upcoming earnings date for Xerox Corporation is Jul 25, 2024.
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About Xerox Corporation

Xerox Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication s... XRX Profile

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