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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EXAS
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Weaker technical forecast for EXACT Sciences Corporation as stock downgraded to Strong Sell Candidate.
(Updated on Jun 14, 2024)

Sell candidate since May 09, 2024 Loss -22.66% PDF

The EXACT Sciences Corporation stock price fell by -2.04% on the last day (Friday, 14th Jun 2024) from $42.75 to $41.88. During the last trading day the stock fluctuated 4.30% from a day low at $41.20 to a day high of $42.97. The price has fallen in 7 of the last 10 days and is down by -7.85% for this period. 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 -297 thousand shares and in total, 2 million shares were bought and sold for approximately $79.25 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 -34.38% during the next 3 months and, with a 90% probability hold a price between $19.52 and $35.04 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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EXAS Signals & Forecast

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 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 $42.77 and $51.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -43.60%. Further fall is indicated until a new bottom pivot has been found. 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 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 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 $1.77 between high and low, or 4.30%. For the last week, the stock has had daily average volatility of 3.68%.

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 Monday 17th

For the upcoming trading day on Monday, 17th we expect EXACT Sciences Corporation to open at $42.02, and during the day (based on 14 day Average True Range), to move between $39.53 and $44.23, which gives a possible trading interval of +/-$2.35 (+/-5.61%) up or down from last closing price. If EXACT Sciences Corporation takes out the full calculated possible swing range there will be an estimated 11.21% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $44.82, some $2.94 (7.02%) from the current price of $41.88, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.867 Strong Sell Candidate Downgraded

Predicted Opening Price for EXACT Sciences Corporation of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$42.02 ( 0.326%) $41.88

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EXAS

Fibonacci Support & Resistance Levels

Level Price
R3 43.79 4.55%
R2 43.11 2.94%
R1 42.69 1.94%
Price 41.88
S1 41.34 -1.29%
S2 40.92 -2.29%
S3 40.25 -3.90%

Accumulated Volume Support & Resistance Levels

Level Price
R3 51.00 21.78%
R2 49.84 19.01%
R1 44.82 7.02%
Price 41.88
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for EXACT Sciences Corporation Stock and on which exchange is it traded?
The symbol for EXACT Sciences Corporation is EXAS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell EXACT Sciences Corporation Stock?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy EXACT Sciences Corporation Stock?
EXACT Sciences Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy EXACT Sciences Corporation Stock.

What's the current price of EXACT Sciences Corporation Stock?
As of the end of day on the Jun 14, 2024, the price of an EXACT Sciences Corporation (EXAS) share was $41.88.

What is the 52-week high and low for EXACT Sciences Corporation Stock?
The 52-week high for EXACT Sciences Corporation Stock is $100.76 and the 52-week low is $41.20.

What is the market capitalization of EXACT Sciences Corporation Stock?
As of the Jun 14, 2024, the market capitalization of EXACT Sciences Corporation is 7.728B.

When is the next earnings date for EXACT Sciences Corporation?
The upcoming earnings date for EXACT Sciences Corporation is Aug 06, 2024.
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