XNET - Xunlei Limited

Industry: Application Software Sector: Technology Exchange: NASDAQ

XNET - Xunlei Limited

Industry: Application Software Sector: Technology Exchange: NASDAQ
#7516()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE -10.81%
PRICE $8.17
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Xunlei Limited Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-09-14 Loss -10.81%
Shorts 10.24% ( 2018-08-31 )
Cash n/a
Loans n/a
Beta 1.47
ROA -5.56

Xunlei Limited fell by -10.81% in the last day from $9.16 to $8.17 The price has fallen in 5 of the last 10 days and is down by -15.07% for this period. Volume has increased in the last day by 508 577 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, 850 814 shares bought and sold for approximately $6.95 million.

Trend

Xunlei Limited lies in the middle of a very wide and 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 -27.55% during the next 3 months and, with 90% probability hold a price between $5.21 and $7.09 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Xunlei Limited 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 $8.90 and $9.48. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday September 13, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $8.17 Resistance: $8.55

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 $1.19 between high and low, or 14.66%. For the last week, the stock has had a daily average volatility of 7.06%.

Xunlei Limited is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Xunlei Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly 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 Sell Candidate to a Strong Sell Candidate.

Strong Sell Candidate

Click for Top 5 Strong Sell Candidates
XNET $8.17 $-0.99(-10.81%)
XNET is down $0.99 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for XNET based on the 1-3 month system that more than doubles the S&P 500.

Click here – the XNET analysis is free »
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