XTRA CORP 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
XTRA CORP stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The XTRA CORP stock price fell by -4.19% on the last day (Friday, 3rd May 2024) from £1.05 to £1.01. During the last trading day the stock fluctuated 1.89% from a day low at £1.01 to a day high of £1.03. The price has fallen in 4 of the last 10 days and is down by -1.85% 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 -2 million shares and in total, 294 thousand shares were bought and sold for approximately £295.33 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 -5.52% during the next 3 months and, with a 90% probability hold a price between £0.780 and £1.02 at the end of this 3-month period.
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XTR.L Signals & Forecast
The XTRA CORP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1.00 and £0.97. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -8.55%. 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.
Support, Risk & Stop-loss for XTRA CORP stock
XTRA CORP finds support from accumulated volume at £1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £0.0190 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 12.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XTR.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect XTRA CORP to open at £1.01, and during the day (based on 14 day Average True Range), to move between £0.88 and £1.13, which gives a possible trading interval of +/-£0.123 (+/-12.20%) up or down from last closing price. If XTRA CORP takes out the full calculated possible swing range there will be an estimated 24.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1.00 (0.60%) than the resistance at £1.05 (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is XTRA CORP stock A Buy?
XTRA CORP 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.050 Sell Candidate Downgraded
Predicted Opening Price for XTRA CORP of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £1.01 ( 0.630%) | £1.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XTR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 2.52 % | |
| R2 | 1.02 | 1.80 % | ||
| R1 | 1.02 | 1.35 % | ||
| Current price: | 1.01 | |||
| Support | S1 | 1.01 | -0.0919 % | |
| S2 | 1.00 | -0.538 % | ||
| S3 | 0.99 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.21 | 20.28 % | |
| R2 | 1.10 | 9.34 % | ||
| R1 | 1.05 | 4.37 % | ||
| Current price | 1.01 | |||
| Support | S1 | 1.00 | -0.596% | |
| S2 | 0.97 | -3.58% | ||
| S3 | 0.93 | -8.05% |
FAQ
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