XNET NEWS why is Xunlei Limited price falling or rising

XNET NEWS reasons for why stock price of Xunlei Limited is falling or rising

XNET Xunlei is falling or rising technical reasons

Technical analysis forecast for Xunlei Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Xunlei XNET at this time. Stock is falling and might fall more.

It appears as if Xunlei XNET gave a large move recently.

Stock of Xunlei (XNET) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Xunlei is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1.6 as stoploss in an intra day buy trade for a target of 1.64. However, stock will show a bearish move below 1.6.

XNET Xunlei is falling or rising NEWS fundamental reasons

More announcements and NEWS

XNET Xunlei Limited current price & indicator signals

Moving Averages for Xunlei Limited

  • 5Day Average: 1.64
  • 12Day Average: 1.61
  • 20Day Average: 1.63
  • 50Day Average: 1.69
  • 100Day Average: 1.67
  • 150Day Average: 1.62
  • 200Day Average: 1.6

XNET Indicators & signals

Indicator MACD (12,26,9)

1.64, 1.65, -0.03
Indicator MACD is in negative zone

Indicator ADX (14)

7.69, 60, 70
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of XNET Xunlei Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Wed Aug 2024 1.61 1.61 to 1.69 -4.17% 0.77 times
20 Tue Aug 2024 1.68 1.64 to 1.72 0% 1.36 times
19 Mon Aug 2024 1.68 1.58 to 1.68 5% 1.44 times
16 Fri Aug 2024 1.60 1.58 to 1.62 -0.62% 1.72 times
15 Thu Aug 2024 1.61 1.55 to 1.62 0.63% 0.91 times
14 Wed Aug 2024 1.60 1.56 to 1.60 0.63% 0.52 times
13 Tue Aug 2024 1.59 1.57 to 1.62 -0.63% 1.23 times
12 Mon Aug 2024 1.60 1.58 to 1.62 0% 0.67 times
09 Fri Aug 2024 1.60 1.59 to 1.62 0% 0.61 times
08 Thu Aug 2024 1.60 1.55 to 1.60 3.23% 0.48 times
07 Wed Aug 2024 1.55 1.55 to 1.61 0% 1.06 times
06 Tue Aug 2024 1.55 1.46 to 1.59 -3.13% 6.13 times

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