Red day on Friday for Xtant Medical Holdings Inc
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-04 Loss -31.97% PDF
The Xtant Medical Holdings Inc stock price fell by -3.31% on the last day (Friday, 26th Nov 2021) from $0.81 to $0.78. and has now fallen 3 days in a row. During the day the stock fluctuated 8.87% from a day low at $0.76 to a day high of $0.83. The price has fallen in 8 of the last 10 days and is down by -29.51% 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 -222 thousand shares and in total, 27 thousand shares were bought and sold for approximately $21.05 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.86) are considered to be a "second chance" to get out. According to the fan-theory $0.52 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Signals & Forecast
There are few to no technical positive signals at the moment. The Xtant Medical Holdings 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 $0.86 and $1.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -37.90%. 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
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 $0.0674 between high and low, or 8.87%. For the last week the stock has had a daily average volatility of 12.51%.
Xtant Medical Holdings Inc is oversold on RSI14 (7). 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 an negative evaluation for this stock. No stop-loss is set.
Is Xtant Medical Holdings Inc stock A Buy?
Xtant Medical Holdings 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.
Current score: -6.171
Predicted Opening Price for Xtant Medical Holdings Inc of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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XTNT Insider Trading
|Oct 15, 2021||Sell||160 219||Browne Sean E||Common Stock, $0.000001 par value|
|Aug 15, 2021||Buy||192 308||Jensen Greg||Stock Option (right to buy)|
|Aug 15, 2021||Buy||156 250||Jensen Greg||Common Stock, $0.000001 par value|
|Aug 15, 2021||Buy||85 337||Rizzo Matthew||Common Stock|
|Aug 15, 2021||Buy||85 337||Eggenberg Michael||Common Stock|
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