XRX Should I Buy

Not a good buy right now. Despite today’s bounce to ~$2.18, the broader trend remains bearish (SMA200>SMA20>SMA5) and price is still below the key pivot (2.353). With no Intellectia buy signals, bearish options positioning (heavy put OI), and a weak earnings print (miss + adjusted loss) alongside negative analyst target cuts, the risk/reward is unfavorable for an impatient buyer looking for immediate upside. Prefer to avoid/exit rather than initiate a new position here.

Trend is bearish: moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), indicating a sustained downtrend despite the one-day +7.35% pop. MACD histogram is negative (-0.028) and only “negatively contracting,” suggesting bearish momentum is easing but not reversed. RSI(6)=43.2 is neutral-to-weak, not showing an oversold rebound signal. Key levels: near-term support S1=2.086 (then S2=1.921); resistance/pivot at 2.353, then R1=2.621. With price ~2.18 below the pivot, the setup still favors sellers until reclaiming 2.353 decisively. Pattern-based outlook provided also leans slightly negative (next week ~-2.53%, next month ~-2.84%). Intellectia Proprietary Trading Signals: - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.