Xtant Medical Holdings Inc Stock Forecast
Xtant Medical Holdings Inc stock price ended at $0.625 on Tuesday, after losing 2.50%.
(Updated on Jul 02, 2024)
The Xtant Medical Holdings Inc stock price fell by -2.50% on the last day (Tuesday, 2nd Jul 2024) from $0.641 to $0.625. During the last trading day the stock fluctuated 7.20% from a day low at $0.625 to a day high of $0.670. The price has fallen in 7 of the last 10 days and is down by -16.67% 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 -33 thousand shares and in total, 22 thousand shares were bought and sold for approximately $13.75 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.606 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.11% during the next 3 months and, with a 90% probability hold a price between $0.429 and $0.519 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XTNT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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 $0.634 and $0.713. 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 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 for Xtant Medical Holdings Inc stock
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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0450 between high and low, or 7.20%. For the last week the stock has had daily average volatility of 4.52%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Xtant Medical Holdings Inc to open at $0.640, and during the day (based on 14 day Average True Range), to move between $0.583 and $0.667, which gives a possible trading interval of +/-$0.0421 (+/-6.74%) 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 13.49% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.627, some $0.0020 (0.32%) from the current price of $0.625, our system finds the risk reward not very attractive.
Is Xtant Medical Holdings Inc stock A Buy?
Xtant Medical Holdings Inc holds several negative signals and is within a 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: -2.448 Sell Candidate Unchanged
Predicted Opening Price for Xtant Medical Holdings Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.640 ( 2.40%) | $0.625 |
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 | |
|---|---|---|
| R3 | 0.685 | 9.60% |
| R2 | 0.668 | 6.85% |
| R1 | 0.657 | 5.15% |
| Price | 0.625 | |
| S1 | 0.623 | -0.350% |
| S2 | 0.612 | -2.05% |
| S3 | 0.595 | -4.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.720 | 15.20% |
| R2 | 0.692 | 10.78% |
| R1 | 0.627 | 0.320% |
| Price | 0.625 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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