Volatile ride for Exela Technologies, Inc. stock price on Tuesday moving between $1.88 and $2.69

StockInvest.us, 1 year ago


The Exela Technologies, Inc. stock price gained 42.55% on the last trading day (Tuesday, 6th Jul 2021), rising from $1.88 to $2.68. During the day the stock fluctuated 43.09% from a day low at $1.88 to a day high of $2.69. The price has risen in 6 of the last 10 days and is up by 98.52% 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, 105 million more shares were traded than the day before. In total, 155 million shares were bought and sold for approximately $414.71 million.

Cantor Fitzgerald is very positive about XELA and gave it a "Overweight" rating on June 02, 2021. The price target was set to $4.00.

Given the current short-term trend, the stock is expected to fall -11.91% during the next 3 months and, with a 90% probability hold a price between $1.07 and $2.36 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 Technologies, Inc. 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 $2.04 and $1.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 18, 2021, and so far it has risen 109.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $2.39 and $2.34.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Exela Technologies, Inc. finds support just below today's level at $2.39. If this is broken, then the next support from accumulated volume will be at $2.34 and $2.12.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.81 between high and low, or 43.09%. For the last week, the stock has had a daily average volatility of 30.48%.

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.

Check full Exela forecast and analysis here.