The Hourly View for XLNX
At the moment, XLNX (Get Ratings)’s price is up $0.1 (0.08%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Of note is that the 20 hour changed directions on XLNX; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
XLNX ranks 142nd in terms of today’s price percentage change out of Electronic Equipment stocks.
XLNX’s Technical Outlook on the Daily Chart
Currently, XLNX’s price is down $-1.48 (-1.15%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as XLNX has now gone down 4 of the past 5 days. From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows XLNX’s price action over the past 90 days.