US98421M1062 - Common Stock
Overall XRX gets a technical rating of 6 out of 10. In the last year, XRX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
XRX 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 support zone below the current price at 16.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XRX in the last couple of days, which is a good sign.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @17.02. This is a Buy Stop order right above the resistance zone.||An exit @16.50. This is a Stop Loss order right below the support zone.||The worst case loss on the trade is limited to 0.52 points, which is 3.06%.||For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NASDAQ:XRX (2/6/2023, 1:51:57 PM)-0.31 (-1.83%)
|GICS Sector||Information Technology|
|GICS Industry||Technology Hardware, Storage & Peripherals|
|2 Weeks||-0.29%||1 Month||7.75%|
|3 Month||18.93%||6 Month||-3.42%|
|ATR Inc||-32.64%||Range Today||0.27|
|ST Trend||LT Trend|
|10 Day High||18||10 Day Low||15.78|
|20 Day High||18||20 Day Low||15.78|
|52 Week High||23.25||52 Week Low||11.8|
|CS1 End||16.88||CR1 Start||17.01|
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