Xenia Hotels & Resorts, Inc Stock Forecast
Evaluation of Xenia Hotels & Resorts, Inc stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Xenia Hotels & Resorts, Inc stock price fell by -0.530% on the last day (Thursday, 28th Mar 2024) from $15.09 to $15.01. During the last trading day the stock fluctuated 1.67% from a day low at $14.94 to a day high of $15.19. The price has risen in 5 of the last 10 days and is up by 1.15% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -152 thousand shares and in total, 831 thousand shares were bought and sold for approximately $12.48 million.
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 17.69% during the next 3 months and, with a 90% probability hold a price between $16.46 and $19.16 at the end of this 3-month period.
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XHR Signals & Forecast
The Xenia Hotels & Resorts, 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 $15.08. On a fall, the stock will find some support from the long-term average at approximately $14.43. 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. 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 Wednesday, March 06, 2024, and so far it has fallen -4.03%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Xenia Hotels & Resorts, Inc stock
Xenia Hotels & Resorts, Inc finds support from accumulated volume at $14.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.250 between high and low, or 1.67%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: $14.32 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (XHR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xenia Hotels & Resorts, Inc to open at $15.05, and during the day (based on 14 day Average True Range), to move between $14.69 and $15.33, which gives a possible trading interval of +/-$0.318 (+/-2.12%) up or down from last closing price. If Xenia Hotels & Resorts, Inc takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.34 (2.20%) than the support at $14.64 (2.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Xenia Hotels & Resorts, Inc stock A Buy?
Xenia Hotels & Resorts, Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.776 Hold/Accumulate Downgraded
Predicted Opening Price for Xenia Hotels & Resorts, Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$15.05 ( 0.244%) | $15.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XHR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.30 | 1.91 % | |
R2 | 15.20 | 1.27 % | ||
R1 | 15.14 | 0.88 % | ||
Current price: | 15.01 | |||
Support | S1 | 14.95 | -0.392 % | |
S2 | 14.89 | -0.785 % | ||
S3 | 14.80 | -1.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.49 | 3.20 % | |
R2 | 15.35 | 2.27 % | ||
R1 | 15.34 | 2.20 % | ||
Current price | 15.01 | |||
Support | S1 | 14.64 | -2.47% | |
S2 | 14.10 | -6.06% | ||
S3 | 13.33 | -11.19% |
XHR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.120 | 0.799% |
2 | Nov 17, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.100 | 0.760% |
3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.100 | 0.87% |
4 | May 17, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.100 | 0.799% |
5 | Feb 17, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.100 | 0.779% |
FAQ
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