Xtant Medical Holdings Inc Stock Forecast
High volatility in Xtant Medical Holdings Inc stock price on Monday which ended trading at $0.84
(Updated on Apr 22, 2024)
The Xtant Medical Holdings Inc stock price gained 1.20% on the last trading day (Monday, 22nd Apr 2024), rising from $0.83 to $0.84. During the last trading day the stock fluctuated 13.62% from a day low at $0.80 to a day high of $0.91. The price has fallen in 7 of the last 10 days and is down by -11.58% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 179 thousand shares were bought and sold for approximately $149.95 thousand.
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 $0.776 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.98% during the next 3 months and, with a 90% probability hold a price between $0.675 and $1.01 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 7.09%. Further rise is indicated until a new top pivot has been found. Xtant Medical Holdings Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.01. On a fall, the stock will find some support from the short-term average at $0.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Xtant Medical Holdings Inc stock
Xtant Medical Holdings Inc finds support from accumulated volume at $0.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.110 between high and low, or 13.62%. For the last week, the stock has had daily average volatility of 13.19%.
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 Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Xtant Medical Holdings Inc to open at $0.85, and during the day (based on 14 day Average True Range), to move between $0.746 and $0.93, which gives a possible trading interval of +/-$0.0937 (+/-11.16%) 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 22.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.84 (0.33%) than the resistance at $0.98 (17.02%), 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 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.
Current score: -2.198 Sell Candidate Unchanged
Predicted Opening Price for Xtant Medical Holdings Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.85 ( 1.49%) | $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 | 0.96 | 14.52 % | |
| R2 | 0.92 | 9.54 % | ||
| R1 | 0.89 | 6.47 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.81 | -3.49 % | |
| S2 | 0.785 | -6.57 % | ||
| S3 | 0.743 | -11.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 23.81 % | |
| R2 | 1.03 | 22.62 % | ||
| R1 | 0.98 | 17.02 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0.84 | -0.333% | |
| S2 | 0.789 | -6.04% | ||
| S3 | 0.784 | -6.62% |
FAQ
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