Xwell, Inc. Stock Forecast
Xwell, Inc. stock downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)
The Xwell, Inc. stock price gained 0.602% on the last trading day (Tuesday, 25th Jun 2024), rising from $1.66 to $1.67. During the last trading day the stock fluctuated 4.84% from a day low at $1.65 to a day high of $1.73. The price has been going up and down for this period, and there has been a -6.7% loss for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 3 thousand shares were bought and sold for approximately $5.39 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 part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.63 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.73% during the next 3 months and, with a 90% probability hold a price between $1.96 and $3.07 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XWEL 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 Xwell, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.95 and $1.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -33.73%. Further fall is indicated until a new bottom pivot has been found. 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 Xwell, Inc. stock
Xwell, Inc. finds support from accumulated volume at $1.63 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0799 between high and low, or 4.84%. For the last week the stock has had daily average volatility of 16.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XWEL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Xwell, Inc. to open at $1.68, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.87, which gives a possible trading interval of +/-$0.205 (+/-12.27%) up or down from last closing price. If Xwell, Inc. takes out the full calculated possible swing range there will be an estimated 24.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.63 (2.40%) than the resistance at $1.79 (7.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xwell, Inc. stock A Buy?
The Xwell, Inc. stock holds several negative signals and despite the positive trend, we believe Xwell, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell to a Strong Sell candidate.
Current score: -5.081 Strong Sell Candidate Downgraded
Predicted Opening Price for Xwell, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.68 ( 0.80%) | $1.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XWEL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.76 | 5.58% |
| R2 | 1.73 | 3.76% |
| R1 | 1.71 | 2.63% |
| Price | 1.67 | |
| S1 | 1.65 | -1.03% |
| S2 | 1.63 | -2.16% |
| S3 | 1.60 | -3.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.82 | 8.98% |
| R2 | 1.80 | 7.78% |
| R1 | 1.79 | 7.19% |
| Price | 1.67 | |
| S1 | 1.63 | -2.40% |
| S2 | 1.56 | -6.59% |
| S3 | 1.48 | -11.38% |
FAQ
Click here for our free guide on how to buy Xwell, Inc. Stock.
