Exscientia plc Stock Forecast
A very red day for Exscientia plc stock price after a -6.87% fall in the Friday trading session
(Updated on May 10, 2024)
The Exscientia plc stock price fell by -6.87% on the last day (Friday, 10th May 2024) from $4.95 to $4.61. During the last trading day the stock fluctuated 9.41% from a day low at $4.57 to a day high of $5.00. The price has been going up and down for this period, and there has been a 14.39% gain for the last 2 weeks. Volume has increased on the last day by 48 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 311 thousand shares were bought and sold for approximately $1.43 million.
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 -32.72% during the next 3 months and, with a 90% probability hold a price between $2.37 and $3.60 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.
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EXAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 15.54%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $4.85 and $4.85. A break-up above any of these levels will issue buy signals. Exscientia plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Exscientia plc stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.36 and $4.25. There is a 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, Exscientia plc finds support just below today's level at $4.36. If this is broken, then the next support from accumulated volume will be at $4.25 and $3.99.
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 $0.430 between high and low, or 9.41%. For the last week, the stock has had daily average volatility of 6.89%.
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 Monday 13th
For the upcoming trading day on Monday, 13th we expect Exscientia plc to open at $4.73, and during the day (based on 14 day Average True Range), to move between $4.24 and $4.98, which gives a possible trading interval of +/-$0.366 (+/-7.94%) up or down from last closing price. If Exscientia plc takes out the full calculated possible swing range there will be an estimated 15.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.36 (5.42%) than the resistance at $4.89 (6.07%), 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?
Exscientia plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell candidate.
Current score: -4.170 Sell Candidate Downgraded
Predicted Opening Price for Exscientia plc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $4.73 ( 2.53%) | $4.61 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 5.16 | 11.86 % | |
| R2 | 4.99 | 8.30 % | ||
| R1 | 4.89 | 6.09 % | ||
| Current price: | 4.61 | |||
| Support | S1 | 4.56 | -1.03 % | |
| S2 | 4.46 | -3.23 % | ||
| S3 | 4.30 | -6.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.43 | 17.79 % | |
| R2 | 4.95 | 7.38 % | ||
| R1 | 4.89 | 6.07 % | ||
| Current price | 4.61 | |||
| Support | S1 | 4.36 | -5.42% | |
| S2 | 4.25 | -7.81% | ||
| S3 | 3.99 | -13.45% |
FAQ
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