All ExchangesEXACT Sciences Corporation Stock Forecast
EXACT Sciences Corporation stock price down 3.54% on Wednesday
(Updated on Sep 20, 2023)
The EXACT Sciences Corporation stock price fell by -3.54% on the last day (Wednesday, 20th Sep 2023) from $75.63 to $72.95. During the last trading day the stock fluctuated 4.57% from a day low at $72.66 to a day high of $75.98. The price has fallen in 8 of the last 10 days and is down by -11.22% for this period. Volume has increased on the last day by 463 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, 1 million shares were bought and sold for approximately $88.03 million.
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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 -20.06% during the next 3 months and, with a 90% probability hold a price between $54.46 and $69.01 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.
EXAS Signals & Forecast
There are few to no technical positive signals at the moment. The EXACT Sciences Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $76.42 and $81.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, July 28, 2023, and so far it has fallen -26.34%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for EXACT Sciences Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $3.32 between high and low, or 4.57%. For the last week, the stock has had daily average volatility of 2.79%.
EXACT Sciences Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXAS) For The Upcoming Trading Day Of Thursday 21st
For the upcoming trading day on Thursday, 21st we expect EXACT Sciences Corporation to open at $73.86, and during the day (based on 14 day Average True Range), to move between $70.56 and $75.34, which gives a possible trading interval of +/-$2.39 (+/-3.28%) up or down from last closing price. If EXACT Sciences Corporation takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $78.89, some $5.94 (8.14%) from the current price of $72.95, our system finds the risk reward not very attractive.
Is EXACT Sciences Corporation stock A Buy?
EXACT Sciences Corporation 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.
Current score: -3.045 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for EXACT Sciences Corporation of Thursday, September 21, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 21, 2023 | Current price |
|---|---|
| $73.86 | $72.95 (Undervalued) |
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Trading levels for EXAS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.18 | 5.80 % | |
| R2 | 75.92 | 4.06 % | ||
| R1 | 75.13 | 2.99 % | ||
| Current price: | 72.95 | |||
| Support | S1 | 72.60 | -0.487 % | |
| S2 | 71.81 | -1.56 % | ||
| S3 | 70.54 | -3.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.78 | 23.07 % | |
| R2 | 85.13 | 16.70 % | ||
| R1 | 78.89 | 8.14 % | ||
| Current price | 72.95 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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About EXACT Sciences Corporation
Exact Sciences Corporation provides cancer screening and diagnostic test products in the United States and internationally. The company offers Cologuard, a non-invasive stool-based DNA screening test to detect DNA and hemoglobin biomarkers associated with colorectal cancer and pre-cancer. It also provides Oncotype DX, a gene expression tests for breast, prostate, and colon cancers; Oncotype Test, a tissue test delivering tumor profiling to aid th... EXAS Profile
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