XTL Stock Forecast and Technical Analysis
Hold candidate since 2020-03-31 PDF
SPDR(R) S&P(R) TELECOM ETF SPDR(R) S&P(R) TELECOM ETF fell by -1.58% in the last day ( Tuesday, 31st Mar 2020 ) from $60.13 to $59.18 During the day the stock fluctuated 2.90% from a day low at $58.64 to a day high of $60.34. The price has been going up and down for this period, and there has been a 5.77% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4 257 shares and in total 13 952 shares bought and sold for approximately $825 679.00.
XTL Stock Price Summary
- 30 day high of the XTL stock price was $68.64 and low was $48.47.
- 90 day high was $73.95 and low was $48.47.
- 52 week high for SPDR(R) S&P(R) TELECOM ETF SPDR(R) S&P(R) TELECOM ETF - $75.00 and low - $48.47.
SPDR(R) S&P(R) TELECOM ETF SPDR(R) S&P(R) TELECOM ETF 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 -20.88% during the next 3 months and, with 90% probability hold a price between $39.09 and $52.18 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 27, 2020, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. SPDR(R) S&P(R) TELECOM ETF SPDR(R) S&P(R) TELECOM ETF holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $63.78. On a fall, the stock will find some support from the short-term average at $57.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. 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.
XTL Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 49 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
XTL Support & Resistance
SPDR(R) S&P(R) TELECOM ETF SPDR(R) S&P(R) TELECOM ETF finds support from accumulated volume at $56.79.
XTL Stock Risk
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $1.70 between high and low, or 2.90%. For the last week the stock has had a daily average volatility of 5.02%.
Our recommended stop-loss: $55.21 (-6.71%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 2 days ago.)
5.02 %Average volatility
Very Low Low Medium High Very High
XTL Stock Evaluation
SPDR(R) S&P(R) TELECOM ETF SPDR(R) S&P(R) TELECOM ETF 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 hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate candidate.
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