Red day on Friday for ExlService Holdings
(Updated on Dec 03, 2021)
Buy candidate since 2021-12-02 Loss -1.13% PDF
The ExlService Holdings stock price fell by -1.13% on the last day (Friday, 3rd Dec 2021) from $133.05 to $131.54. During the day the stock fluctuated 2.21% from a day low at $130.70 to a day high of $133.59. The price has fallen in 7 of the last 10 days and is down by -2.94% for this period. Volume has increased on the last day by 9 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, 108 thousand shares were bought and sold for approximately $14.17 million.
The stock lies in the middle of a strong 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 10.95% during the next 3 months and, with a 90% probability hold a price between $141.93 and $156.07 at the end of this 3-month period.
Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -4.20%. 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. The ExlService Holdings 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 $131.10 and $130.29. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss
ExlService Holdings finds support from accumulated volume at $127.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.89 (2.21%) between high and low. For the last week, the stock has had a daily average volatility of 3.36%.
Our recommended stop-loss: $126.78 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Is ExlService Holdings 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 ExlService Holdings stock to perform well in the short-term.
Current score: 2.921
Predicted Opening Price for ExlService Holdings 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 Aug 17, 2021 "JPMorgan Chase & Co." gave "$116.00 - $134.00" rating for EXLS. The price target was set to $121.37+1.0%.
EXLS Insider Trading
|Nov 08, 2021||Sell||2 126||Meckey Samuel||Restricted Stock Units|
|Nov 08, 2021||Sell||651||Meckey Samuel||Common Stock, par value $0.001 per share|
|Nov 08, 2021||Buy||2 126||Meckey Samuel||Common Stock, par value $0.001 per share|
|Nov 05, 2021||Sell||468||Kapoor Rohit||Common Stock, par value $0.001 per share|
|Nov 05, 2021||Sell||4 580||Kapoor Rohit||Common Stock, par value $0.001 per share|
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