XBIOTECH INC (XBIT) Stock Technical Analysis
NASDAQ:XBIT - Nasdaq - CA98400H1029 - Common Stock - Currency: USD
Taking everything into account, XBIT scores 5 out of 10 in our technical rating. In the past year, XBIT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.21. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for XBIT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2 important support areas can be observed.
- Support @3.20 from a trend line in the daily time frame.
- Support @2.74 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.21 to 3.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.72 from a trend line in the weekly time frame.
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 | 11.42 | NEGATIVE | XBIT has a low relative strength, it was outperformed by 88.58% 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) | 62.43 | NEUTRAL | The RSI value for XBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests XBIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.36 | NEUTRAL | The Stochastics value for XBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for XBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.52 | NEUTRAL | The ADX value for XBIT suggests a possible start of a new trend. |
NASDAQ:XBIT (8/21/2025, 4:04:02 PM)
3.2
-0.02 (-0.62%)