XOMA - XOMA Corporation Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-27
XOMA Corporation Stock Analysis
XOMA Corporation gained 1.08% in the last trading day, rising from USD 4.63 to USD 4.68. The price has fallen in 6 of the last 10 days , but is still up by 16.13% over the past 2 weeks. Volume fell in the last day by -86 332 shares and ,in total, 54 462 shares bought and sold for approximately USD 254 882. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
XOMA Corporation lies in the middle of a very wide and strong 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 -18.5% during the next 3 months and, with 90% probability hold a price between USD 2.84 and USD 4.21 at the end of this period.
XOMA Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at USD 4.96 and USD 4.70. A break-up above any of these levels will issue buy signals. 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 also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday February 24, 2017, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
XOMA Corporation finds support from accumulated volume at USD 4.63, USD 4.59, and USD 4.22. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 4.82, USD 5.82 and USD 5.15.
The stock is about to test the resistance from accumulated volume at USD 4.82 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 periodic low trading volume this stockstock is considered to be "high risk". During the last day, the stock moved USD 0.18 between high and low, or 3.96%. For the last week the stock has had a daily average volatility of 6.34%.
Our recommended stoploss: USD 4.49 (-4.06%) ( based on support and risk)
The stock is within a very wide and strong falling trend and holds several negative signals that may affect the stock in the short-term. We believe, however, today's level to hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.