ExlService Holdings Stock Forecast
Green day on Thursday for ExlService Holdings
(Updated on Mar 28, 2024)
The ExlService Holdings stock price gained 1.66% on the last trading day (Thursday, 28th Mar 2024), rising from $31.28 to $31.80. During the last trading day the stock fluctuated 2.50% from a day low at $31.14 to a day high of $31.92. The price has been going up and down for this period, and there has been a 3.48% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 195 thousand more shares were traded than the day before. In total, 865 thousand shares were bought and sold for approximately $27.52 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ExlService Holdings stock with a 90% probability to be traded between $30.09 and $33.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EXLS Signals & Forecast
The ExlService Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.19 and $30.99. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ExlService Holdings stock
ExlService Holdings finds support from accumulated volume at $31.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.779 (2.50%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $30.49 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (EXLS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ExlService Holdings to open at $31.62, and during the day (based on 14 day Average True Range), to move between $31.00 and $32.60, which gives a possible trading interval of +/-$0.797 (+/-2.51%) up or down from last closing price. If ExlService Holdings takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.87 (0.22%) than the support at $31.28 (1.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ExlService Holdings stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ExlService Holdings stock to perform well in the short-term period.
Current score: 2.103 Buy Candidate Unchanged
Predicted Opening Price for ExlService Holdings of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$31.62 ( 0.565%) | $31.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXLS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.40 | 1.89 % | |
R2 | 32.10 | 0.95 % | ||
R1 | 31.92 | 0.371 % | ||
Current price: | 31.80 | |||
Support | S1 | 31.32 | -1.50 % | |
S2 | 31.14 | -2.08 % | ||
S3 | 30.84 | -3.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.79 | 3.11 % | |
R2 | 32.39 | 1.86 % | ||
R1 | 31.87 | 0.220 % | ||
Current price | 31.80 | |||
Support | S1 | 31.28 | -1.64% | |
S2 | 30.70 | -3.46% | ||
S3 | 29.85 | -6.13% |
FAQ
Click here for our free guide on how to buy ExlService Holdings Stock.