XOMA Corporation Stock Forecast

Red day on Wednesday for XOMA Corporation stock after losing 1.72%
(Updated on Apr 24, 2024)

XOMA Signals & Forecast

The XOMA Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.18 and $25.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -2.69%. Further fall is indicated 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.

Support, Risk & Stop-loss for XOMA Corporation stock

XOMA Corporation finds support from accumulated volume at $24.90 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 $0.625 between high and low, or 2.45%. For the last week the stock has had daily average volatility of 4.37%.

Our recommended stop-loss: $24.55 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (XOMA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect XOMA Corporation to open at $25.77, and during the day (based on 14 day Average True Range), to move between $24.53 and $26.75, which gives a possible trading interval of +/-$1.11 (+/-4.32%) up or down from last closing price. If XOMA Corporation takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.77 (0.51%) than the support at $24.90 (2.89%), 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 XOMA Corporation stock A Buy?

XOMA Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.544 Hold/Accumulate Unchanged

Predicted Opening Price for XOMA Corporation of Thursday, April 25, 2024

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