XAO Seasonality in November.

This is a seasonality chart of XAO taken over a 10 year average. Current Month  gains far exceeded the 10 year average of 1.8%, now sitting @ 6.51% at the close yesterday (23/10).

Over the last 5 years ( not shown) the average gains in October was 4.9%. Depending on the time horizon selected the figures vary.

But for November over a 10 year period there is a 22% probability that we may see a down month with 2% loss ( Close compared to open). Whether or not that may be the case we will all find out end of November.

This information may help in preparing for the near future. As always price action is first and foremost. Tentative Price Objectives, statistical  work such as seasonality, should only be seen as an additional information, no more.

Chart courtesy of StockCharts.com

seasonalityxaonov.

Disclaimer

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration. The information on this website is no substitute for financial advice.

 

 

Comments are closed.