Xtant Medical Holdings Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Xtant Medical Holdings Inc stock price on Wednesday moving between $0.85 and $0.94
(Updated on May 01, 2024)
The Xtant Medical Holdings Inc stock price fell by -3.76% on the last day (Wednesday, 1st May 2024) from $0.89 to $0.86. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.56% from a day low at $0.85 to a day high of $0.94. The price has been going up and down for this period, and there has been a 9.77% gain for the last 2 weeks. 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 -8 thousand shares and in total, 28 thousand shares were bought and sold for approximately $23.78 thousand.
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 -19.20% during the next 3 months and, with a 90% probability hold a price between $0.600 and $0.88 at the end of this 3-month period.
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XTNT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $0.91 and $0.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -9.37%. Further fall is indicated until a new bottom pivot has been found. 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
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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 10.56%. For the last week the stock has had daily average volatility of 7.93%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Xtant Medical Holdings Inc to open at $0.89, and during the day (based on 14 day Average True Range), to move between $0.778 and $0.94, which gives a possible trading interval of +/-$0.0834 (+/-9.69%) 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 19.37% 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 (2.44%) than the resistance at $0.98 (14.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Xtant Medical Holdings Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0100. We will update the financials statements for Xtant Medical Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.50% in the first trading day after earnings release.
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: -3.690 Sell Candidate Unchanged
Predicted Opening Price for Xtant Medical Holdings Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.89 ( 2.79%) | $0.86 |
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 | 0.98 | 13.24 % | |
| R2 | 0.94 | 9.25 % | ||
| R1 | 0.92 | 6.78 % | ||
| Current price: | 0.86 | |||
| Support | S1 | 0.85 | -1.21 % | |
| S2 | 0.83 | -3.67 % | ||
| S3 | 0.795 | -7.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 20.79 % | |
| R2 | 1.03 | 19.63 % | ||
| R1 | 0.98 | 14.17 % | ||
| Current price | 0.86 | |||
| Support | S1 | 0.84 | -2.44% | |
| S2 | 0.789 | -8.33% | ||
| S3 | 0.784 | -8.90% |
FAQ
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