Xinyuan Real Estate Company., Ltd. (ADR) Forecast and Stock Analysis
Technical XIN stock analysis for March 20, 2019.
|Shorts||2.04% ( 2019-02-28 )|
Xinyuan Real Estate Company., Ltd. (ADR) fell by -0.21% in the last day from $4.68 to $4.67 The price has been going up and down for this period, and there has been a -1.27% loss for the last 2 weeks. Volume has increased in the last day by 158 532 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 303 073 shares bought and sold for approximately $1.42 million.
Close price at the end of the last trading day (Wednesday, 20th Mar 2019) of the XIN stock was $4.67. This is 0.21% less than the trading day before Tuesday, 19th Mar 2019.
During day the stock fluctuated 5.28% from a day low at $4.54 to a day high of $4.78.
30 day high of the XIN stock price was $5.10 and low was $4.33.
90 day high was $5.10 and low was $3.71.
52 week high for the Xinyuan Real Estate Company., Ltd. (ADR) - $6.19 and low - $3.60.
Xinyuan Real Estate Company., Ltd. (ADR) lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $4.58 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.58% during the next 3 months and, with 90% probability hold a price between $5.48 and $6.47 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday March 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Xinyuan Real Estate Company., Ltd. (ADR) 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 $4.76 and $4.86. A break-up above any of these levels will issue buy signals. Xinyuan Real Estate Company., Ltd. (ADR) gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
Xinyuan Real Estate Company., Ltd. (ADR) finds support from accumulated volume at $4.65.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.24 (5.28%) between high and low. For the last week, the stock has had a daily average volatility of 5.40%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Xinyuan Real Estate Company., Ltd. (ADR) stock holds several negative signals and despite the positive trend we believe Xinyuan Real Estate Company., Ltd. (ADR) will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.