XBIOTECH INC (XBIT) Technical Analysis
NASDAQ:XBIT • CA98400H1029
Taking everything into account, XBIT scores 0 out of 10 in our technical rating. XBIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 83% of all other stocks performed better in the past year than XBIT.
- XBIT is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 61% are performing better than XBIT.
- XBIT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so XBIT is lagging the market.
- In the last month XBIT has a been trading in the 2.20 - 2.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
XBIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.33, a Stop Loss order could be placed below this zone.
More info and screens
2.09
We found 2 important support areas.
- A support zone ranging from 2.25 to 2.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.11 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.42 to 2.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.50 to 2.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.58 from a trend line in the daily time frame.
- Resistance @2.69 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for XBIT is down. |
| ChartMill Relative Strength | 17.92 | NEGATIVE | XBIT has a low relative strength, it was outperformed by 82.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XBIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XBIT is below a declining 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) | 47.29 | NEUTRAL | The RSI value for XBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests XBIT has a positive trend. |
| Stochastics (14,3) | 52.49 | NEUTRAL | The Stochastics value for XBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for XBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.33 | POSITIVE | The high ADX value value for XBIT suggests a strong trend. |
XBIT Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:XBIT (3/9/2026, 8:00:02 PM)
2.35
0 (0%)
XBIOTECH INC / XBIT FAQ
Can you provide the ChartMill technical rating for XBIOTECH INC?
ChartMill assigns a technical rating of 0 / 10 to XBIT.
Can you provide the trend direction for XBIOTECH INC?
The current trend direction for XBIOTECH INC (XBIT) is Bearish.
What is the RSI signal for XBIOTECH INC (XBIT) stock?
XBIOTECH INC (XBIT) has an RSI value of 47.2864. This indicates that the stock is currently neutral.
Can you provide the short term momentum for XBIOTECH INC?
The short term momentum for XBIOTECH INC (XBIT) is negative.
Can you provide the support and resistance levels for XBIOTECH INC?
XBIOTECH INC (XBIT) has a support level at 2.33 and a resistance level at 2.42. Check the full technical report for our detailed analysis of XBIT support and resistance levels.