Previous Hold Today XENE ranks #1263 as HOLD CANDIDATE #1263 Next Hold

XENE stock forecast Xenon Pharmaceuticals Inc.

XENE stock forecast

Thursday May 23, 2019 Change -1.52% Price $9.75
Chart period: 2019-02-25 - 2019-05-23
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will XENE stock price go up or down on Tue, 28 May 2019?

Predict

Xenon Pharmaceuticals Inc. Forecast and Stock Analysis

Technical XENE stock analysis for Thursday May 23, 2019.

Hold candidate since 2019-05-23
Shorts n/a
Insider % n/a
Institutional % 93.20%
Beta 1.32
ROA -52.11%
Price to book USD 3.02
P/E Ratio -5.42
Next Earnings Date 2019-08-07


Xenon Pharmaceuticals Inc. fell by -1.52% in the last day ( Thursday, 23rd May 2019 ) from $9.90 to $9.75 During day the stock fluctuated 7.20% from a day low at $9.50 to a day high of $10.18. The price has risen in 5 of the last 10 days and is up by 4.95% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -15 059 shares and in total 57 852 shares bought and sold for approximately $564 057.00.

Quick summary:

  • 30 day high of the XENE stock price was $10.27 and low was $8.59.
  • 90 day high was $10.74 and low was $7.58.
  • 52 week high for the Xenon Pharmaceuticals Inc. - $15.92 and low - $5.25.

Trend

Given the current horizontal trend you can expect Xenon Pharmaceuticals Inc. with 90% probability to be traded between $8.72 and $10.72 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Xenon Pharmaceuticals Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $9.55 and $9.37. A break down 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 sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Xenon Pharmaceuticals Inc. finds support from accumulated volume at $9.30.

Support: $9.30 Price: $9.75 Resistance: $9.81

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $9.28 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

6.93 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Xenon Pharmaceuticals Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today XENE ranks #1263 as HOLD CANDIDATE #1263 Next Hold
XENE $9.75 ($-0.15 -1.52%)
XENE is down $0.15 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for XENE based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will XENE stock price go up or down
on Tue, 28 May 2019?

Predict

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