ExlService Holdings Stock Forecast
Red day on Monday for ExlService Holdings stock after losing 0.498%
(Updated on Apr 15, 2024)
The ExlService Holdings stock price fell by -0.498% on the last day (Monday, 15th Apr 2024) from $30.11 to $29.96. During the last trading day the stock fluctuated 1.62% from a day low at $29.66 to a day high of $30.14. The price has fallen in 6 of the last 10 days and is down by -4.46% 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 -453 thousand shares and in total, 963 thousand shares were bought and sold for approximately $28.86 million.
The stock lies in the middle of a 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 -3.84% during the next 3 months and, with a 90% probability hold a price between $27.83 and $31.03 at the end of this 3-month period.
EXLS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 1.32%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ExlService Holdings 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 $30.09 and $30.95. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Friday, March 15, 2024 and based on theory for this formation the price should go up by 8.42% to $32.48 within 22 trading days since signal was issued (Tuesday, April 16, 2024).
Support, Risk & Stop-loss for ExlService Holdings stock
ExlService Holdings finds support from accumulated volume at $29.85 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 $0.480 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXLS) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect ExlService Holdings to open at $29.92, and during the day (based on 14 day Average True Range), to move between $29.05 and $30.87, which gives a possible trading interval of +/-$0.91 (+/-3.04%) up or down from last closing price. If ExlService Holdings takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.85 (0.37%) than the resistance at $30.11 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ExlService Holdings stock A Buy?
ExlService Holdings holds several negative signals and is within a 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.
Current score: -1.067 Sell Candidate Unchanged
Predicted Opening Price for ExlService Holdings of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $29.92 ( 0.134%) | $29.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXLS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.40 | 1.47 % | |
| R2 | 30.22 | 0.86 % | ||
| R1 | 30.10 | 0.479 % | ||
| Current price: | 29.96 | |||
| Support | S1 | 29.74 | -0.746 % | |
| S2 | 29.62 | -1.12 % | ||
| S3 | 29.44 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.04 | 3.60 % | |
| R2 | 30.70 | 2.47 % | ||
| R1 | 30.11 | 0.501 % | ||
| Current price | 29.96 | |||
| Support | S1 | 29.85 | -0.367% | |
| S2 | 29.68 | -0.93% | ||
| S3 | 29.57 | -1.30% |
FAQ
Click here for our free guide on how to buy ExlService Holdings Stock.
