XUNLEI LTD-ADR (XNET) Stock Technical Analysis
NASDAQ:XNET - Nasdaq - US98419E1082 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to XNET. In the last year, XNET was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, XNET did better than 96% of all other stocks. On top of that, XNET also shows a nice and consistent pattern of rising prices.
XNET is part of the Software industry. There are 282 other stocks in this industry. XNET outperforms 91% of them.
XNET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so XNET is lagging the market.
In the last month XNET has a been trading in the 4.02 - 5.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
XNET has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.66
4.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.49 to 4.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.17 from a trend line in the daily time frame.
- A support zone ranging from 4.04 to 4.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.69 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.82 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for XNET is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XNET is neutral. |
| ChartMill Relative Strength | 96.53 | POSITIVE | XNET has a high relative strength, it outperformed 96.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XNET is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of XNET is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XNET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.29 | NEUTRAL | The RSI value for XNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests XNET has a positive trend. |
| Stochastics (14,3) | 72.26 | NEUTRAL | The Stochastics value for XNET is a neutral value. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for XNET suggests high volalility. |
| Average Directional Index/ADX (14) | 17.58 | NEGATIVE | The low ADX value for XNET suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.595
-0.04 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.97%
1 Week0.99%
2 Weeks7.61%
1 Month-7.17%
3 Month37.57%
6 Month132.07%
12 Month154.57%
2 Year124.15%
3 Year171.89%
5 Year24.53%
10 Year-50.32%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%6.72%
ATR Inc1.99%
Range Today0.32
ADR(20)0.3
ADR(20)%6.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.53
Mansfield4.31
10 Day High4.91
10 Day Low4.02
20 Day High5.58
20 Day Low4.02
52 Week High7.19
52 Week Low1.46
CS1 End4.57
CR1 Start4.82
Volume & EV
DER(3)-12.39%
DER(5)-6.4%
Volume625.10K
Volume Incr-36.43%
Vol(5)646.72K
Vol(50)775.77K