XBIOTECH INC (XBIT) Technical Analysis
NASDAQ:XBIT • CA98400H1029
Current stock price
XBIT Technical Rating and Analysis
Overall XBIT gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. XBIT was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, XBIT is a bad performer in the overall market: 82% of all stocks are doing better.
- XBIT is one of the lesser performing stocks in the Biotechnology industry. 66% of 516 stocks in the same industry do better.
- XBIT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month XBIT has a been trading in the 2.23 - 2.49 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
XBIT Weekly and Daily overview Charts
XBIT Setup Rating and Analysis
XBIT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XBIT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
XBIT Support and Resistance Analysis
2.23
We found 2 important support areas.
- A support zone ranging from 2.35 to 2.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.25 to 2.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.45 to 2.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.64 from a horizontal line in the weekly time frame.
- Resistance @2.69 from a horizontal line in the weekly time frame.
XBIT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for XBIT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XBIT is up. |
| ChartMill Relative Strength | 18.03 | NEGATIVE | XBIT has a low relative strength, it was outperformed by 81.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XBIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XBIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XBIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.47 | NEUTRAL | The RSI value for XBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests XBIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.07 | OVERBOUGHT | The high Stochastics value suggests XBIT may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for XBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.92 | NEGATIVE | The low ADX value for XBIT suggests a weak or negative trend. |
XBIT Chart- and CandleStick Pattern Analysis
XBIT Technicals: Chart, Performance Metrics, Trend & Indicators
2.43
-0.03 (-1.22%)
XBIOTECH INC / XBIT TA FAQ
Can you provide the ChartMill technical rating for XBIOTECH INC?
ChartMill assigns a technical rating of 4 / 10 to XBIT.
What is the current trend direction of XBIOTECH INC (XBIT) stock?
The current trend direction for XBIOTECH INC (XBIT) is Bearish.
Can you provide the RSI signal for XBIOTECH INC?
XBIOTECH INC (XBIT) has an RSI value of 58.4717. This indicates that the stock is currently neutral.
What is the MACD signal for XBIT stock?
The MACD indicator for XBIOTECH INC (XBIT) has a value of 0.0163864, indicating a bearish trend.
What is the buy/sell signal for XBIT stock?
The buy/sell signal for XBIOTECH INC (XBIT) is hold as the short term and long term trends are mixed.