Exelon Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Exelon Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 29, 2024)
The Exelon Corporation stock price gained 1.07% on the last trading day (Monday, 29th Apr 2024), rising from $37.32 to $37.72. During the last trading day the stock fluctuated 0.84% from a day low at $37.44 to a day high of $37.75. The price has risen in 6 of the last 10 days and is up by 4% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $118.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak 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 9.70% during the next 3 months and, with a 90% probability hold a price between $39.76 and $42.39 at the end of this 3-month period.
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EXC Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.396%. 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). The Exelon Corporation 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 $37.61 and $37.06. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Exelon Corporation stock
Exelon Corporation finds support from accumulated volume at $36.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.315 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: $36.37 (-3.57%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (EXC) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Exelon Corporation to open at $37.64, and during the day (based on 14 day Average True Range), to move between $37.03 and $38.41, which gives a possible trading interval of +/-$0.687 (+/-1.82%) up or down from last closing price. If Exelon Corporation takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.77 (0.13%) than the support at $36.48 (3.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Exelon Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.700. We will update the financials statements for Exelon Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.10% in the first trading day after earnings release.
Is Exelon Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Exelon Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.433 Buy Candidate Upgraded
Predicted Opening Price for Exelon Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $37.64 ( 0.225%) | $37.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.95 | 0.610 % | |
| R2 | 37.83 | 0.291 % | ||
| R1 | 37.76 | 0.0937 % | ||
| Current price: | 37.72 | |||
| Support | S1 | 37.51 | -0.544 % | |
| S2 | 37.44 | -0.741 % | ||
| S3 | 37.32 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.87 | 0.398 % | |
| R2 | 37.78 | 0.159 % | ||
| R1 | 37.77 | 0.133 % | ||
| Current price | 37.72 | |||
| Support | S1 | 36.48 | -3.29% | |
| S2 | 36.27 | -3.84% | ||
| S3 | 36.21 | -4.00% |
EXC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.380 | 1.04% |
| 2 | Nov 01, 2023 | Nov 14, 2023 | Dec 08, 2023 | $0.360 | 0.92% |
| 3 | Jul 25, 2023 | Aug 15, 2023 | Sep 08, 2023 | $0.360 | 0.89% |
| 4 | Jul 25, 2023 | Aug 14, 2023 | Sep 08, 2023 | $0.360 | 0.89% |
| 5 | Apr 25, 2023 | May 12, 2023 | Jun 09, 2023 | $0.360 | 0.90% |
FAQ
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