Xurpas, Inc. is bearish both on the short-term and long-term horizons. Its 6-day streak of a descending price is supported with a significant volume. That means X holders are convinced to join the selling activity. Besides, today’s bearish volume is above X’s 10-day volume average. The selling sentiment intensifies.
This strong appetite to sell X is manifested by the relatively aggressive Net Foreign Selling activities of the foreign investors.
The price is moving below the 10SMA. MACD shows no sign of crossing above the signal line soon. That’s not the kind of setting I want to see if I am looking for a buy signal in a particular stock.
With a historical volatility of nearly 200%, X earns my “extremely high-risk” status. If the historical volatility score is above 100%, it’s an extremely high-risk stock.
The immediate resistance of X is at 1.80 while the immediate support is at 1.31. If X does not bounce away from 1.31, the major support at 1.05 might be revisited. If the bearish volume continues, X might print its all-time low near 0.72.
Price-Volume Distribution
VWAP: 1.5055
Most Traded Prices: 1.54, 1.45, 1.46, 1.55, 1.56
Most Voluminous Prices: 1.54, 1.45, 1.46, 1.6, 1.55
Watch out for these price points on Wednesday. They might play or be seen again as intraday support or resistance levels.
Top 10 Players – EOD
Trading participants of X with a 100% Buying and Selling Activity as of Feb-19-2019 at 03:30PM:
28 out of 73 participants or 38.36% of all participants registered a 100% BUYING activity
4 out of 73 participants or 5.48% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1.5174
Top 10 Players’ Selling Average: 1.5085
Top 10 Players – MTD
Trading participants of X with a 100% Buying and Selling Activity from Feb-01-2019 to Feb-19-2019 at 03:30PM:
7 out of 99 participants or 7.07% of all participants registered a 100% BUYING activity
4 out of 99 participants or 4.04% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1.8428
Top 10 Players’ Selling Average: 1.8387
Recommendation
If you’re a newbie trader, it’s not the right time to practice trading on X. Observe the demand to buy the stock up once it draws closer to 1.31. If it continues the downtrend, find signs of reversal near 1.05.
I suggest you choose stocks with a historical volatility score below 70%.
On the other hand, respect your trailing stop loss if you are still holding X.
If you’re trading X and you happen to be an EquiPicks subscriber, I suggest you request for this stock’s Price-Volume Distribution and intraday Top 10 Players charts in our Private Clients Forum as trading happens so I can give you my latest sentiment on X.
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Please comment below if you have questions.
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