Xerium Technologies, Inc. New (XRM) Stock Technical Analysis
NYSE:XRM - New York Stock Exchange, Inc. - US98416J1189
Taking everything into account, XRM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, XRM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, XRM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.48, a Stop Loss order could be placed below this zone.
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13.22
When analyzing the support we notice one important area.
- A support zone ranging from 13.35 to 13.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 13.50 to 13.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 XRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XRM is up. |
| ChartMill Relative Strength | 98.81 | POSITIVE | XRM has a high relative strength, it outperformed 98.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.65 | NEUTRAL | The RSI value for XRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests XRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.67 | OVERBOUGHT | The high Stochastics value suggests XRM may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for XRM suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.52 | 13.45 | 0.07 (0.52%) | 25.00% |
| An entry @13.52. This is a Buy Stop order right above the resistance zone. | An exit @13.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.52%. | For a 0.13% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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