Xylo Technologies Ltd. Stock Forecast
Xylo Technologies Ltd. stock price up 0.588% on Thursday
(Updated on Jun 27, 2024)
The Xylo Technologies Ltd. stock price gained 0.588% on the last trading day (Thursday, 27th Jun 2024), rising from $1.70 to $1.71. During the last trading day the stock fluctuated 9.36% from a day low at $1.71 to a day high of $1.87. The price has fallen in 6 of the last 10 days and is down by -9.04% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 63 thousand shares were bought and sold for approximately $108.46 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 -15.05% during the next 3 months and, with a 90% probability hold a price between $1.05 and $1.92 at the end of this 3-month period.
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XYLO Signals & Forecast
There are mixed signals in the stock today. The Xylo Technologies Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.89. On a fall, the stock will find some support from the short-term average at $1.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -29.92%. 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). Xylo Technologies Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Xylo Technologies Ltd. stock
Xylo Technologies Ltd. finds support from accumulated volume at $1.68 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.160 between high and low, or 9.36%. For the last week, the stock has had daily average volatility of 8.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XYLO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Xylo Technologies Ltd. to open at $1.76, and during the day (based on 14 day Average True Range), to move between $1.51 and $1.91, which gives a possible trading interval of +/-$0.200 (+/-11.70%) up or down from last closing price. If Xylo Technologies Ltd. takes out the full calculated possible swing range there will be an estimated 23.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.68 (1.75%) than the resistance at $1.87 (9.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xylo Technologies Ltd. stock A Buy?
Xylo Technologies Ltd. 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.
Current score: -3.259 Sell Candidate Unchanged
Predicted Opening Price for Xylo Technologies Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $1.76 ( 3.12%) | $1.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XYLO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.92 | 12.48% |
| R2 | 1.86 | 8.90% |
| R1 | 1.82 | 6.69% |
| Price | 1.71 | |
| S1 | 1.70 | -0.455% |
| S2 | 1.66 | -2.66% |
| S3 | 1.60 | -6.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.13 | 24.67% |
| R2 | 1.91 | 11.70% |
| R1 | 1.87 | 9.36% |
| Price | 1.71 | |
| S1 | 1.68 | -1.75% |
| S2 | 1.65 | -3.51% |
| S3 | 1.52 | -11.11% |
XYLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2022 | Dec 19, 2022 | Dec 28, 2022 | $0.85 | 0% |
FAQ
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