XTM Inc. Stock Forecast
Stronger technical forecast for XTM Inc. stock price after Friday trading.
(Updated on May 17, 2024)
No changes to the price of XTM Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.108 to a day high of $0.108. The price has fallen in 4 of the last 10 days and is down by -2% for this period.
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 -14.13% during the next 3 months and, with a 90% probability hold a price between $0.0813 and $0.110 at the end of this 3-month period.
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XTMIF Signals & Forecast
There are mixed signals in the stock today. The XTM 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 $0.112 and $0.119. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for XTM Inc. stock
XTM Inc. finds support from accumulated volume at $0.105 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.55%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XTMIF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect XTM Inc. to open at $0.108, and during the day (based on 14 day Average True Range), to move between $0.103 and $0.113, which gives a possible trading interval of +/-$0.0049 (+/-4.54%) up or down from last closing price. If XTM Inc. takes out the full calculated possible swing range there will be an estimated 9.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.110 (2.04%) than the support at $0.105 (2.78%), 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 XTM Inc. stock A Buy?
XTM 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.181 Sell Candidate Upgraded
Predicted Opening Price for XTM Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.108 ( 0%) | $0.108 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XTMIF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.108 | . | |
| R2 | 0.108 | . | ||
| R1 | 0.108 | . | ||
| Current price: | 0.108 | |||
| Support | S1 | 0.108 | . | |
| S2 | 0.108 | . | ||
| S3 | 0.108 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.134 | 23.93 % | |
| R2 | 0.122 | 12.71 % | ||
| R1 | 0.110 | 2.04 % | ||
| Current price | 0.108 | |||
| Support | S1 | 0.105 | -2.78% | |
| S2 | 0.104 | -3.53% | ||
| S3 | 0 | . |
FAQ
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