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 EXEL
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Exelixis stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 26, 2024 Gain 8.06% PDF

The Exelixis stock price fell by -0.545% on the last day (Thursday, 28th Mar 2024) from $23.86 to $23.73. During the last trading day the stock fluctuated 5.64% from a day low at $22.70 to a day high of $23.98. The price has risen in 6 of the last 10 days and is up by 4.95% over the past 2 weeks. Volume has increased on the last day by 504 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, 2 million shares were bought and sold for approximately $48.62 million.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $23.95 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Exelixis stock with a 90% probability to be traded between $20.65 and $24.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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EXEL Signals & Forecast

The Exelixis stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.76. On a fall, the stock will find some support from the long-term average at approximately $22.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.794%. 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 Exelixis stock

On the downside, the stock finds support just below today's level from accumulated volume at $22.54 and $22.09. 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, Exelixis finds support just below today's level at $22.54. If this is broken, then the next support from accumulated volume will be at $22.09 and $20.39.

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 $1.28 between high and low, or 5.64%. For the last week, the stock has had daily average volatility of 1.96%.

Our recommended stop-loss: $23.07 (-2.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (EXEL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Exelixis to open at $23.47, and during the day (based on 14 day Average True Range), to move between $23.24 and $24.22, which gives a possible trading interval of +/-$0.488 (+/-2.05%) up or down from last closing price. If Exelixis takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.74 (0.04%) than the support at $22.54 (5.01%), 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.

Is Exelixis stock A Buy?

Exelixis holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: -0.432 Hold/Accumulate Downgraded

Predicted Opening Price for Exelixis of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$23.47 ( 1.10%) $23.73

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

Trading levels for EXEL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.75 4.30 %
R2 24.26 2.24 %
R1 23.96 0.96 %
Current price: 23.73
Support S1 22.98 -3.16 %
S2 22.68 -4.43 %
S3 22.19 -6.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.92 0.80 %
R2 23.78 0.211 %
R1 23.74 0.0421 %
Current price 23.73
Support S1 22.54 -5.01%
S2 22.09 -6.91%
S3 20.39 -14.08%

FAQ

What is the symbol for Exelixis Stock and on which exchange is it traded?
The symbol for Exelixis is EXEL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Exelixis Stock?
Exelixis holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

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

What's the current price of Exelixis Stock?
As of the end of day on the 2024-03-28, the price of an Exelixis (EXEL) share was $23.73.

What is the 52-week high and low for Exelixis Stock?
The 52-week high for Exelixis Stock is $24.34 and the 52-week low is $18.08.

What is the market capitalization of Exelixis Stock?
As of the 2024-03-28, the market capitalization of Exelixis is 7.195B.

When is the next earnings date for Exelixis?
The upcoming earnings date for Exelixis is May 14, 2024.
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About Exelixis

Exelixis Exelixis, Inc., an oncology-focused biotechnology company, focuses on the discovery, development, and commercialization of new medicines to treat cancers in the United States. The company's products include CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of patients with progressive and metastatic medullary thyroid cancer. Its CA... EXEL Profile

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