XpresSpa Group Inc. (XSPA)

XpresSpa stock forecast: buy or sell

XpresSpa stock outlook

  • XpresSpa closed on Friday at $4.18 (-2.79%) prior to presenting earnings at
  • Looking at the chart, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. this downtrend marked a -99.41% loss.
  • XpresSpa Group, Inc., a health and wellness services company, provides spa services and related products at airports.
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Please read:
The thoughts given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the particular conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational purposes only

XpresSpa stock chart overview

Should I buy XpresSpa stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 XSPA stock a buy?

In the current situation of XpresSpa there is not any eligible buy setup. This doesn't mean XSPA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell XpresSpa stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Much like when we have to buy shares, choosing when is the best time to sell is not a haphazard decision, and we must follow our own trading strategy. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short XpresSpa stock

A golden rule is that you should never mantain an open trade that generates greater losses than those expected by the time of the buy. When to sell your stock should always be ruled by the stop-loss (automatic or manual)

Is it time to sell XpresSpa stock?

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

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Analysts' recommendations to buy or sell XpresSpa 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

We don't have any rating published in the last 30 days for XpresSpa

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Technical analysis

XpresSpa accumulates a price drop of -99.41% since its latest top early June at $714.42. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops

SMAs overview

Moving averages are indicators for traders to detect stock momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Investors use support and resistance levels to find price points on a chart that may act as glass ceiling, preventing the price of an asset to move up or down. A support level is a level where the price may stop as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until finding another support level. In contrast, resistances are where the price may find resistance as it rises. Again, the price is more liable to "bounce off" at this level, and if it finally breaches this level, the price will rise easily until it finds the next resistance

The current resistance levels are:

  • R1: $162.81 (3794.98% above)
  • R2: $714.42 (16991.39% above)
  • Price is at all-time lows and there are not lower supports.

    Bollinger bands

    So-called Bollinger bands are a well-established practice that was created by John Bollinger. By essence, the Bollinger Bands are bands that flow around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price surpassed the upper band on Monday, the price dropped by 10.49%

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that track price movements to identify when the share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI fluctuates between 0% and 100%. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Friday was 36.83. Since that level was lost, XpresSpa price collapsed a 99.17%

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    Earnings and financials

    XpresSpa hosted the financial event and released the Q2 report in early July.

    Same quarter last year, reported EPS was $-3.22, so recently reported EPS means an improvement of 100%. Looking at revenues, figures sank a -36.89% compared to $12.2M same quarter a year ago.

    XpresSpa is hosting the earnings call. Earnings reporting day has a more than usual risk for stock traders as the data disclosed can gap up or down the stock price with exceptionally low liquidity and not respecting your buy or stop-loss orders. You can probably find more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.xpresspagroup.com.

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