Xtant Medical Holdings Inc Stock Forecast
Big movements in Xtant Medical Holdings Inc stock price on Thursday moving 10.74% between high and low
(Updated on Apr 18, 2024)
The Xtant Medical Holdings Inc stock price gained 6.73% on the last trading day (Thursday, 18th Apr 2024), rising from $0.784 to $0.84. During the last trading day the stock fluctuated 10.74% from a day low at $0.794 to a day high of $0.88. The price has fallen in 7 of the last 10 days and is down by -15.97% for this period. Volume fell on the last day by -110 thousand shares and in total, 74 thousand shares were bought and sold for approximately $62.02 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.782 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.25% during the next 3 months and, with a 90% probability hold a price between $0.702 and $1.07 at the end of this 3-month period.
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XTNT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.73%. 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. 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 $0.84 and $1.03. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xtant Medical Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.789 and $0.784. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.784 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0852 between high and low, or 10.74%. For the last week the stock has had daily average volatility of 12.42%.
Xtant Medical Holdings Inc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XTNT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Xtant Medical Holdings Inc to open at $0.84, and during the day (based on 14 day Average True Range), to move between $0.745 and $0.93, which gives a possible trading interval of +/-$0.0922 (+/-11.02%) up or down from last closing price. If Xtant Medical Holdings Inc takes out the full calculated possible swing range there will be an estimated 22.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.789 (5.72%) than the resistance at $0.98 (17.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.536 Sell Candidate Upgraded
Predicted Opening Price for Xtant Medical Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.84 ( 0.0876%) | $0.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XTNT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.92 | 10.09 % | |
| R2 | 0.89 | 6.20 % | ||
| R1 | 0.87 | 3.80 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.80 | -3.98 % | |
| S2 | 0.784 | -6.38 % | ||
| S3 | 0.751 | -10.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 24.22 % | |
| R2 | 1.03 | 23.03 % | ||
| R1 | 0.98 | 17.42 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0.789 | -5.72% | |
| S2 | 0.784 | -6.31% | ||
| S3 | 0 | . |
FAQ
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