Exantas Capital Corp. (XAN)

Exantas Capital stock forecast: buy or sell

Exantas Capital stock outlook

  • Exantas Capital stock skyrocketed 6.15% to close at $2.59 on the stock market yesterday.
  • The price is currently above the upper Bollinger band, which usually indicates a near-term correction
  • The stock is configuring an uptrend pattern since early April, when it bottomed at $0.95. Up to date, price made a 172.63% gain since the beginning of this rally
  • Exantas Capital released its financial report on July 29
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Important:
The thoughts given in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for education purposes only

Exantas Capital stock chart overview

Should I buy Exantas Capital stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is XAN stock a buy?

Currently, Exantas Capital stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for XAN in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Exantas Capital stock?

"To sell or not to sell", if you are holding Exantas Capital shares?. Trading strategies prevent us from making impetuous decisions based on our feelings or the noise that surrounds the market. When selling, as well as buying, detailed setups are very simple to follow and are only valid for selling stocks you already own, not for selling short Exantas Capital stock

As a rule of thumb, you should not hold an operation that shows a greater losses than those expected upon purchase. When to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Exantas Capital stock?

In the current situation of Exantas Capital there is not any eligible sell setup, so Exantas Capital stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Exantas Capital stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days we couldn't find any rating for Exantas Capital

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Technical analysis

Since in early April, Exantas Capital has been printing an uptrend that so far marked a gorgeous 172.63%. During this uptrend, the price provided some entry points on the breakouts. Latest low was on July 31, when price bounced at $2.18. Now, it moves in a consolidation between its last top ($2.68) and its last bottom ($2.18)

SMAs overview

Moving averages are indicators for traders to measure momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Investors use supports and resistances as a way to find price points in the stock price action that may behave as barriers, preventing the price of a stock to move up or down. Supports are levels where the price may find support as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it is likely to continue descending until approaching another support level. In contrast, a resistance level is where the price may find resistance as it rises. Likewise, this means that the price is more likely to "rebound" at this level, and if it finally breaks this level, the price will rally more easily until it hits the next resistance

The current resistances are:

  • R1: $2.63 (1.54% above)
  • R2: $2.68 (3.47% above)
  • R3: $4.74 (83.01% above)
  • The current supports are:

  • S1: $2.18 (-15.83% below)
  • S2: $2.15 (-16.99% below)
  • S3: $1.76 (-32.05% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. It is composed of three lines that are outlined superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    When the price moves out of the band (above the upper line or below the lower line) it means that the price is currently maintaining a very strong momentum and therefore can correct the trend to the average. For this case, the price is above the upper band, and that should mean a short-term corrective movement (at least) until it is below the band

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that measures price fluctuations to detect when the share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI moves in a range between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for a single day (weak signal). The RSI reading yesterday was 55.33. Exantas Capital stock sank a 41.4% since RSI lost the overbought zone

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    Earnings and financials

    Exantas Capital Corp. (XAN) published 2nd-quarter earnings of $0.00 per share, significantly upping the analysts consensus estimate of $0.18 per share. This Q2 report means an earnings surprise of -100%. Company's turnover was $0.00 versus $13.5 million estimated by analysts.

    By comparison, the EPS for the same quarter last year was $0.28, so current EPS is a drop of -100%. Looking at revenue, figures dropped a -108.78% compared to $14.6M year over year.

    Exantas Capital will host the quarterly earnings call next October. Wall Street estimates a per-share earnings of %s of $0.00, compared to previous quarter that was $0.00. If you hold or you are thinking of buying Exantas Capital shares, be careful as the earnings reporting day usually has a very high volatility, and price can soar and sink with unsually low liquidity and not respecting your buy or stop-loss orders. Have a look company's website to confirm time and details about the earnings call and the earnings report.

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