Fri 23'rd Feb 2018
Xunlei Limited Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||1.75% ( 2018-01-31 )|
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 -11.79% during the next 3 months and, with 90% probability hold a price between $8.40 and $19.43 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday February 16, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $13.70 and $15.52. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Xunlei Limited finds support from accumulated volume at $13.30. On the upside the stock meets some resistance just above today's level from accumulated volume at $13.65, $15.89 and $16.63.
The stock is about to test the resistance from accumulated volume at $13.65 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.69 between high and low, or 5.17%. For the last week, the stock has had a daily average volatility of 5.28%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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