Exco Technologies Limited Stock Forecast
Exco Technologies Limited stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Exco Technologies Limited stock price gained 1.40% on the last trading day (Friday, 28th Jun 2024), rising from $7.84 to $7.95. During the last trading day the stock fluctuated 2.41% from a day low at $7.88 to a day high of $8.07. The price has been going up and down for this period, and there has been a 2.58% gain for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 18 thousand shares were bought and sold for approximately $139.61 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 10.99% during the next 3 months and, with a 90% probability hold a price between $8.36 and $9.25 at the end of this 3-month period.
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XTC.TO Signals & Forecast
The Exco Technologies Limited 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 $7.74 and $7.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 6.85%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Exco Technologies Limited stock
Exco Technologies Limited finds support from accumulated volume at $7.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.190 between high and low, or 2.41%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $7.52 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (XTC.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Exco Technologies Limited to open at $7.97, and during the day (based on 14 day Average True Range), to move between $7.77 and $8.13, which gives a possible trading interval of +/-$0.183 (+/-2.30%) up or down from last closing price. If Exco Technologies Limited takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.99 (0.50%) than the support at $7.90 (0.63%), 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 Exco Technologies Limited 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 Exco Technologies Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.321 Buy Candidate Upgraded
Predicted Opening Price for Exco Technologies Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
$7.97 ( 0.210%) | $7.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XTC.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.16 | 2.60% |
R2 | 8.08 | 1.69% |
R1 | 8.04 | 1.12% |
Price | 7.95 | |
S1 | 7.89 | -0.703% |
S2 | 7.85 | -1.27% |
S3 | 7.78 | -2.18% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.05 | 1.26% |
R2 | 8.00 | 0.629% |
R1 | 7.99 | 0.503% |
Price | 7.95 | |
S1 | 7.90 | -0.629% |
S2 | 7.54 | -5.16% |
S3 | 7.10 | -10.69% |
XTC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.105 | 1.32% |
2 | Jan 31, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.105 | 1.42% |
3 | Nov 29, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.105 | 1.33% |
4 | Aug 02, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.105 | 1.41% |
5 | Jun 15, 2023 | Jun 15, 2023 | Sep 29, 2023 | $0.105 | 1.41% |
FAQ
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