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XGTI - XG Technology Mon 27'th Feb 2017

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Sell Candidate

Score: -2.73

#4652 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 90.70%
Risk: Medium
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Sell candidate since 2017-02-22

Loss -2.33%

XG Technology Stock Analysis


No changes to the price of XG Technology in the last trading day. The price has fallen in 6 of the last 10 days and is down by -6.67% for this period.

Trend

XG Technology lies in the middle of a very wide and strong 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 -45.4% during the next 3 months and, with 90% probability hold a price between USD 0.03 and USD 1.23 at the end of this period.

Signals

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. XG Technology holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 1.72 and USD 1.85. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday February 21, 2017, which indicates further falls until a new bottom pivot has been found.

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Support & Resistance

XG Technology finds support from accumulated volume at USD 1.64, USD 1.60, and USD 1.42. On the upside the stock meets some resistance from accumulated volume at USD 1.90, USD 1.87 and USD 2.05.

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.06 between high and low, or 3.68%. For the last week, the stock has had a daily average volatility of 5.24%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Evaluation

XG Technology holds several negative signals and is within a very wide and strong falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate


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