Where Does Tech Talent Reside?
In the recent study "Scoring Tech Talent in North America 2018" conducted by CBRE Group, Inc. the team analyzed top-ranked and momentum tech talent markets. Those investors thinking to diversify their holdings into real estate might pay special attention to the results of this study. Indeed, it is well known that tech companies produce a lot of wealthy young individuals – and they tend to spend part of their fortune on buying real estate. An obvious conclusion – try to investigate real estate markets with significant presence or growth of the tech talent.
The first place is of no surprise to anybody -SF Bay Area. The second place goes to Seattle – again not very surprising. The next several winners are not so obvious: in the decreasing order, they are Washington D.C., Toronto, New York and Austin. The last place goes to…Miami. To quantify these rankings, they also looked at the number of top-ranked tech talent (clearly, the numbers are important as well): the first place belongs to SF Bay Area with 329,900 employees considered to be in this category. The next few are New York (254,300), Washington D.C. (248,200), Toronto (241,400) and Dallas/Ft. Worth (160,800).
Finally, what is the average salary of tech talent? In SF Bay Area it is $125,400. Next is Seattle with $117,300 and New York - $112,600.
XITK in downward trend: 10-day moving average broke below 50-day moving average on March 25, 2024
The 10-day moving average for XITK crossed bearishly below the 50-day moving average on March 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on XITK as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
XITK moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XITK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for XITK entered a downward trend on April 23, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where XITK's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XITK advanced for three days, in of 361 cases, the price rose further within the following month. The odds of a continued upward trend are .
XITK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
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General Information
Category Technology