Xcerra Corporation Fund Forecast
Evaluation of Xcerra Corporation fund downgraded after the last trading session.
(Updated on Oct 26, 2018)
No changes to the price of Xcerra Corporation fund on the last trading day (Friday, 26th Oct 2018). During the last trading day the fund fluctuated 0% from a day low at $14.27 to a day high of $14.27. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $14.47 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the fund is expected to fall -2.15% during the next 3 months and, with a 90% probability hold a price between $12.97 and $14.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XCRA Signals & Forecast
The Xcerra Corporation fund 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 $14.27 and $14.03. 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, October 25, 2018, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xcerra Corporation fund
Xcerra Corporation finds support from accumulated volume at $14.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XCRA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Xcerra Corporation to open at $14.27, and during the day (based on 14 day Average True Range), to move between $14.22 and $14.32, which gives a possible trading interval of +/-$0.0519 (+/-0.36%) up or down from last closing price. If Xcerra Corporation takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.20 (0.49%) than the resistance at $14.42 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xcerra Corporation fund A Buy?
Xcerra Corporation 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 fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.630 Sell Candidate Downgraded
Predicted Opening Price for Xcerra Corporation of Monday, October 29, 2018
| Fair opening price October 29, 2018 | Current price |
|---|---|
| $14.27 ( 0.00000000%) | $14.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XCRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.27 | 0.00000000 % | |
| R2 | 14.27 | 0.00000000 % | ||
| R1 | 14.27 | 0.00000000 % | ||
| Current price: | 14.27 | |||
| Support | S1 | 14.27 | 0.00000000 % | |
| S2 | 14.27 | 0.00000000 % | ||
| S3 | 14.27 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.71 | 3.08 % | |
| R2 | 14.48 | 1.47 % | ||
| R1 | 14.42 | 1.05 % | ||
| Current price | 14.27 | |||
| Support | S1 | 14.20 | -0.491% | |
| S2 | 13.77 | -3.50% | ||
| S3 | 13.75 | -3.64% |
FAQ
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