Volatile ride for Exela stock price on Thursday moving between $0.0582 and $0.0750

The Exela stock price gained 40.00% on the last trading day (Thursday, 2nd Mar 2023), rising from $0.0485 to $0.0679. During the last trading day the stock fluctuated 28.87% from a day low at $0.0582 to a day high of $0.0750. The price has fallen in 6 of the last 10 days but is still up by 10.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 708 million more shares were traded than the day before. In total, 769 million shares were bought and sold for approximately $52.23 million.

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 -46.66% during the next 3 months and, with a 90% probability hold a price between $0.0192 and $0.0489 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 $0.0535 and $0.0656. 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 40.00%. 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 is rising along with the price. This is considered to be a good technical signal.

Exela finds support from accumulated volume at $0.0660 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 28.87%. For the last week, the stock has had daily average volatility of 16.29%.

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.