High volatility in Exela stock price on Friday which ended trading at $0.0686

The Exela stock price gained 1.03% on the last trading day (Friday, 3rd Mar 2023), rising from $0.0679 to $0.0686. During the last trading day the stock fluctuated 25.77% from a day low at $0.0652 to a day high of $0.0820. The price has been going up and down for this period, and there has been a 13.39% gain for the last 2 weeks. Volume fell on the last day by -289 million shares and in total, 480 million shares were bought and sold for approximately $32.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The last rating was given by B. Riley Securities on Aug 18, 2022. The price target was changed from 7 to 2.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -45.88% during the next 3 months and, with a 90% probability hold a price between $0.0207 and $0.0504 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Mostly positive signals in the chart today. The Exela stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0552 and $0.0652. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 01, 2023, and so far it has risen 41.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Exela finds support from accumulated volume at $0.0679 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0168 between high and low, or 25.77%. For the last week, the stock has had daily average volatility of 19.25%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.