Xwell, 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
Stronger technical forecast for Xwell, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Xwell, Inc. stock price gained 2.26% on the last trading day (Friday, 28th Jun 2024), rising from $1.76 to $1.80. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.96% from a day low at $1.72 to a day high of $1.80. The price has been going up and down for this period, and there has been a -28.29% loss for the last 2 weeks. Volume fell on the last day by -200 shares and in total, 4 thousand shares were bought and sold for approximately $6.99 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 $1.66 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 20.48% during the next 3 months and, with a 90% probability hold a price between $2.00 and $3.11 at the end of this 3-month period.
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XWEL Signals & Forecast
A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -28.57%. 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 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Xwell, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.73 and $1.80. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Xwell, Inc. stock
Xwell, Inc. finds support from accumulated volume at $1.79 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 $0.0850 between high and low, or 4.96%. For the last week the stock has had daily average volatility of 6.47%.
Our recommended stop-loss: $1.70 (-5.38%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (XWEL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xwell, Inc. to open at $1.77, and during the day (based on 14 day Average True Range), to move between $1.62 and $1.98, which gives a possible trading interval of +/-$0.183 (+/-10.16%) up or down from last closing price. If Xwell, Inc. takes out the full calculated possible swing range there will be an estimated 20.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.79 (0.56%) than the resistance at $1.82 (1.11%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.091 Buy Candidate Upgraded
Predicted Opening Price for Xwell, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.77 ( 1.57%) | $1.80 |
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 | 1.86 | 3.15% |
| R2 | 1.82 | 1.34% |
| R1 | 1.80 | 0.230% |
| Price | 1.80 | |
| S1 | 1.74 | -3.38% |
| S2 | 1.72 | -4.49% |
| S3 | 1.69 | -6.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.15 | 19.44% |
| R2 | 2.08 | 15.56% |
| R1 | 1.82 | 1.11% |
| Price | 1.80 | |
| S1 | 1.79 | -0.556% |
| S2 | 1.63 | -9.44% |
| S3 | 1.48 | -17.78% |
FAQ
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