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.
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Red day on Tuesday for Xerox Corporation
(Updated on Feb 27, 2024)


Buy or Hold candidate since Jan 25, 2024 Gain 3.58% PDF
The Xerox Corporation stock price fell by -0.106% on the last day (Tuesday, 27th Feb 2024) from $18.82 to $18.80. During the last trading day the stock fluctuated 2.75% from a day low at $18.52 to a day high of $19.03. The price has been going up and down for this period, and there has been a 0.27% gain for the last 2 weeks. Volume has increased on the last day by 24 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 million shares were bought and sold for approximately $23.01 million.

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The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.24% during the next 3 months and, with a 90% probability hold a price between $21.22 and $25.49 at the end of this 3-month period.

XRX Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, January 29, 2024, and so far it has fallen -4.13%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Xerox Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.69 and $17.76. A breakdown below any of these levels will issue sell signals.

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Support, Risk & Stop-loss for Xerox Corporation stock

Xerox Corporation finds support from accumulated volume at $18.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.510 (2.75%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: $18.25 (-2.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (XRX) For The Upcoming Trading Day Of Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect Xerox Corporation to open at $18.78, and during the day (based on 14 day Average True Range), to move between $18.21 and $19.39, which gives a possible trading interval of +/-$0.595 (+/-3.16%) up or down from last closing price. If Xerox Corporation takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.81 (0.05%) than the support at $18.48 (1.70%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xerox Corporation stock to perform well in the short-term.

Current score: 2.919 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Xerox Corporation of Wednesday, February 28, 2024

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

Fair opening price February 28, 2024 Current price
$18.78 ( 0.0887%) $18.80

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.29 2.62 %
R2 19.10 1.59 %
R1 18.98 0.95 %
Current price: 18.80
Support S1 18.59 -1.12 %
S2 18.47 -1.77 %
S3 18.27 -2.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.61 4.31 %
R2 19.05 1.33 %
R1 18.81 0.0532 %
Current price 18.80
Support S1 18.48 -1.70%
S2 18.29 -2.71%
S3 18.15 -3.46%
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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xerox Corporation stock to perform well in the short-term.

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 2024-02-27, the price of an Xerox Corporation (XRX) share was $18.80.

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 $12.06.

What is the market capitalization of Xerox Corporation Stock?
As of the 2024-02-27, the market capitalization of Xerox Corporation is 2.318B.

When is the next earnings date for Xerox Corporation?
The upcoming earnings date for Xerox Corporation is Apr 23, 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

XRX Dividend Data

6.49%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Mar 27, 2024
Next Payment Date Apr 30, 2024
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