Tue 23'rd May 2017
XOMA Corporation Stock Analysis
Technical stock analysis for Tue 23'rd May 2017
Sell candidate since 2017-05-23
XOMA Corporation lies in the lower part of a very 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 USD 6.30 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 25.1% during the next 3 months and, with 90% probability hold a price between USD 7.88 and USD 10.42 at the end of this period.
There are few to none technical positive signals at the moment. XOMA Corporation 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 USD 6.45 and USD 6.65. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday May 22, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at USD 6.04 and USD 5.81. On the upside the stock meets some resistance from accumulated volume at USD 7.41, USD 6.54 and USD 7.13.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, XOMA Corporation finds support just below today's level at 6.04. If this is broken, then the next support from accumulated volume will be at 5.81 and 5.35.
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 2.82%. For the last week the stock has had a daily average volatility of 5.64%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
The stock stock holds several negative signals and despite the positive trend we believe XOMA Corporation will perform weak in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell Candidate.