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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of XBIO
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Stronger technical forecast for Xenetic Biosciences Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Xenetic Biosciences Inc stock price gained 4.19% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.82 to $3.98. During the last trading day the stock fluctuated 5.30% from a day low at $3.96 to a day high of $4.17. The price has fallen in 5 of the last 10 days and is down by -4.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $36.98 thousand.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.42% during the next 3 months and, with a 90% probability hold a price between $4.52 and $5.31 at the end of this 3-month period.

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XBIO Signals & Forecast

The Xenetic Biosciences Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.00. On a fall, the stock will find some support from the long-term average at approximately $3.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Xenetic Biosciences Inc 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, March 15, 2024, and so far it has fallen -8.51%. 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).

Support, Risk & Stop-loss for Xenetic Biosciences Inc stock

Xenetic Biosciences Inc finds support from accumulated volume at $3.95 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 $0.210 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 6.96%.

Our recommended stop-loss: $3.74 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (XBIO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Xenetic Biosciences Inc to open at $4.04, and during the day (based on 14 day Average True Range), to move between $3.71 and $4.25, which gives a possible trading interval of +/-$0.269 (+/-6.76%) up or down from last closing price. If Xenetic Biosciences Inc takes out the full calculated possible swing range there will be an estimated 13.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.95 (0.75%) than the resistance at $4.05 (1.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Xenetic Biosciences Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xenetic Biosciences Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.836 Buy Candidate Upgraded

Predicted Opening Price for Xenetic Biosciences Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.04 ( 1.42%) $3.98

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XBIO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.25 6.70 %
R2 4.17 4.68 %
R1 4.12 3.44 %
Current price: 3.98
Support S1 3.96 -0.592 %
S2 3.91 -1.84 %
S3 3.83 -3.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.35 9.30 %
R2 4.07 2.26 %
R1 4.05 1.76 %
Current price 3.98
Support S1 3.95 -0.754%
S2 3.84 -3.52%
S3 3.66 -8.04%

FAQ

What is the symbol for Xenetic Biosciences Inc Stock and on which exchange is it traded?
The symbol for Xenetic Biosciences Inc is XBIO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Xenetic Biosciences Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xenetic Biosciences Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Xenetic Biosciences Inc Stock?
Xenetic Biosciences Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Xenetic Biosciences Inc Stock.

What's the current price of Xenetic Biosciences Inc Stock?
As of the end of day on the 2024-03-27, the price of an Xenetic Biosciences Inc (XBIO) share was $3.98.

What is the 52-week high and low for Xenetic Biosciences Inc Stock?
The 52-week high for Xenetic Biosciences Inc Stock is $5.97 and the 52-week low is $0.260.

What is the market capitalization of Xenetic Biosciences Inc Stock?
As of the 2024-03-27, the market capitalization of Xenetic Biosciences Inc is 6.132M.

When is the next earnings date for Xenetic Biosciences Inc?
The upcoming earnings date for Xenetic Biosciences Inc is May 09, 2024.
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About Xenetic Biosciences Inc

Xenetic Biosciences Xenetic Biosciences, Inc., a biopharmaceutical company, focuses on advancing XCART, a personalized chimeric antigen receptor T cell (CAR T) platform technology engineered to target patient-specific tumor neoantigens. The company engages in the discovery, research, and development of biologic drugs and oncology therapeutics. It advances cell-based therapeutics targeting the B-cell receptor on the surface of an individual patient's malignant tumor ... XBIO Profile

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