Technical Eye on xG Technology, Inc. (NASDAQ:XGTI)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of xG Technology, Inc. (NASDAQ:XGTI) for the period of 9-Day stands at 31.17% while the stochastic %D for the same period stands at 41.98%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of xG Technology, Inc. (NASDAQ:XGTI) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for xG Technology, Inc. (NASDAQ:XGTI) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently xG Technology, Inc. (NASDAQ:XGTI)’s 20-Day Bollinger Band indicates “Hold”.

About Company

xG Technology, Inc. is engaged in developing communications technologies for wireless networks. Its products include xMax system, an end-to-end Internet protocol (IP) network solution. The company’s xMax system comprises xMod mobile hotspot, xAP access point, xMSC switch, xMax android application and network tools. xG Technology, Inc. is headquartered in Sarasota, Florida.

Previous Day Activity Analysis

On the last trading day, xG Technology, Inc. (NASDAQ:XGTI) opened the session at $1.66 and after going down -0.6% closed at $1.67. The stock gained 0.01 points in the last trade.

xG Technology, Inc. (NASDAQ:XGTI)’s stock fluctuated in the range of $1.51 and $1.73 during the previous active session. xG Technology, Inc. (NASDAQ:XGTI) traded with the volume of 1.11 Million with average volume of 718.33 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 3.43 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.11 and 43.03 respectively.

Currently the Insider Ownership of the shares of xG Technology, Inc. (NASDAQ:XGTI) is at 3.5% and the shares outstanding are 12.34 Million.

Important Ratio Analysis

Some important ratios to consider here for xG Technology, Inc. (NASDAQ:XGTI) are discussed below:

Dividend yield of xG Technology, Inc. (NASDAQ:XGTI) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The PEG ratio (Price to Earning to Growth) emits the value of 0. The Price to Sale P/S and Price to Book P/B shows the value of 0.75 and 0.58 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 4.38 and 0 correspondingly.

The Quick Ratio of xG Technology, Inc. (NASDAQ:XGTI) stands at 1 while the Current Ratio depicts the value of 1.9.

Return on Assets ROA of xG Technology, Inc. (NASDAQ:XGTI) is at -85.6% whereas, Return on Equity ROE and Return of Investment ROI of xG Technology, Inc. (NASDAQ:XGTI) stand at -149.4% and -136.8% respectively.

Stock Performance Analysis

The stock performance of xG Technology, Inc. (NASDAQ:XGTI) on the basis of 5 day trade show the dip of -1.76% whereas, the monthly performance of the stock shows decrease of -1.18%.

The quarterly performance of the stock remained in red zone with the value of -16.92% while six month performance of the shares of xG Technology, Inc. (NASDAQ:XGTI) remained bullish with the count of 19.29%.

The yearly and YTD performance of xG Technology, Inc. (NASDAQ:XGTI) remained mix at -47.81% and 23.7% respectively.