Exscientia plc Stock Forecast
Exscientia plc stock downgraded to Strong Sell Candidate
(Updated on Jul 02, 2024)
The Exscientia plc stock price fell by -0.97% on the last day (Tuesday, 2nd Jul 2024) from $5.15 to $5.10. During the last trading day the stock fluctuated 3.39% from a day low at $5.01 to a day high of $5.18. The price has risen in 6 of the last 10 days and is up by 0.2% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 297 thousand shares were bought and sold for approximately $1.51 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.46% during the next 3 months and, with a 90% probability hold a price between $5.33 and $7.26 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EXAI Signals & Forecast
There are few to no technical positive signals at the moment. The Exscientia plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.20 and $5.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -5.38%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Exscientia plc stock
Exscientia plc finds support from accumulated volume at $5.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.170 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 4.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXAI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Exscientia plc to open at $5.10, and during the day (based on 14 day Average True Range), to move between $4.80 and $5.40, which gives a possible trading interval of +/-$0.296 (+/-5.81%) up or down from last closing price. If Exscientia plc takes out the full calculated possible swing range there will be an estimated 11.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.09 (0.20%) than the resistance at $5.13 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Exscientia plc stock A Buy?
The Exscientia plc stock holds several negative signals and despite the positive trend, we believe Exscientia plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.208 Strong Sell Candidate Downgraded
Predicted Opening Price for Exscientia plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $5.10 ( 0.0654%) | $5.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXAI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.27 | 3.27% |
| R2 | 5.20 | 1.99% |
| R1 | 5.16 | 1.21% |
| Price | 5.10 | |
| S1 | 5.03 | -1.34% |
| S2 | 4.99 | -2.13% |
| S3 | 4.93 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.39 | 5.69% |
| R2 | 5.30 | 3.92% |
| R1 | 5.13 | 0.588% |
| Price | 5.10 | |
| S1 | 5.09 | -0.196% |
| S2 | 4.95 | -2.94% |
| S3 | 4.89 | -4.12% |
FAQ
Click here for our free guide on how to buy Exscientia plc Stock.
