Exelixis stock downgraded to Strong Sell Candidate
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-03 PDF
The Exelixis stock price fell by -3.88% on the last day (Friday, 3rd Dec 2021) from $16.48 to $15.84. During the day the stock fluctuated 5.91% from a day low at $15.74 to a day high of $16.67. The price has fallen in 6 of the last 10 days and is down by -9.43% for this period. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately $38.68 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.70 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.69% during the next 3 months and, with a 90% probability hold a price between $13.24 and $17.30 at the end of this 3-month period.
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 Exelixis 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 $16.71 and $19.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 02, 2021, and so far it has fallen -27.61%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
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 $0.93 between high and low, or 5.91%. For the last week, the stock has had a daily average volatility of 3.98%.
Exelixis is oversold on RSI14 (22). 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 an negative evaluation for this stock. No stop-loss is set.
Is Exelixis stock A Buy?
Exelixis 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: -5.088
Predicted Opening Price for Exelixis of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Nov 03, 2021 "HC Wainwright" gave "$65.00 - $52.00" rating for EXEL. The price target was changed from $19.42 to 11.2%.
EXEL Insider Trading
|Nov 24, 2021||Sell||17 236||Haley Patrick J.||Common Stock|
|Nov 19, 2021||Sell||20 000||Feldbaum Carl B||Option (right to buy)|
|Nov 19, 2021||Sell||20 000||Feldbaum Carl B||Common Stock|
|Nov 19, 2021||Buy||20 000||Feldbaum Carl B||Common Stock|
|Nov 15, 2021||Sell||44 184||Haley Patrick J.||Common Stock|
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