RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of XNET
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Green day on Wednesday for Xunlei Limited stock after gaining 0.480%
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Gain 0.48% PDF

The Xunlei Limited stock price gained 0.480% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.48 to $1.49. During the last trading day the stock fluctuated 3.42% from a day low at $1.46 to a day high of $1.51. The price has fallen in 6 of the last 10 days and is down by -8.77% for this period. Volume fell on the last day by -6 thousand shares and in total, 33 thousand shares were bought and sold for approximately $48.77 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 -3.34% during the next 3 months and, with a 90% probability hold a price between $1.38 and $1.57 at the end of this 3-month period.

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XNET Signals & Forecast

There are mixed signals in the stock today. The Xunlei Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.50. On a fall, the stock will find some support from the short-term average at $1.48. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 1.16%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Xunlei Limited stock

Xunlei Limited finds support from accumulated volume at $1.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0500 between high and low, or 3.42%. For the last week the stock has had daily average volatility of 3.43%.

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

Trading Expectations (XNET) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Xunlei Limited to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.43 and $1.54, which gives a possible trading interval of +/-$0.0564 (+/-3.79%) up or down from last closing price. If Xunlei Limited takes out the full calculated possible swing range there will be an estimated 7.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.49 (0.20%) than the support at $1.48 (0.48%), 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 Xunlei Limited stock A Buy?

Xunlei Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.312 Sell Candidate Unchanged

Predicted Opening Price for Xunlei Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.49 ( 0.0941%) $1.49

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XNET

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.54 3.27 %
R2 1.52 1.98 %
R1 1.50 1.19 %
Current price: 1.49
Support S1 1.47 -1.38 %
S2 1.45 -2.17 %
S3 1.44 -3.46 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.51 1.54 %
R2 1.50 0.87 %
R1 1.49 0.195 %
Current price 1.49
Support S1 1.48 -0.477%
S2 1.48 -0.81%
S3 1.47 -1.15%

FAQ

What is the symbol for Xunlei Limited Stock and on which exchange is it traded?
The symbol for Xunlei Limited is XNET and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Xunlei Limited Stock?
Xunlei Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Xunlei Limited Stock?
Xunlei Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Xunlei Limited Stock.

What's the current price of Xunlei Limited Stock?
As of the end of day on the 2024-03-27, the price of an Xunlei Limited (XNET) share was $1.49.

What is the 52-week high and low for Xunlei Limited Stock?
The 52-week high for Xunlei Limited Stock is $2.09 and the 52-week low is $1.28.

What is the market capitalization of Xunlei Limited Stock?
As of the 2024-03-27, the market capitalization of Xunlei Limited is 95.764M.

When is the next earnings date for Xunlei Limited?
The upcoming earnings date for Xunlei Limited is May 14, 2024.
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About Xunlei Limited

Xunlei Limited Xunlei Limited, together with its subsidiaries, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefi... XNET Profile

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