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Exela Technologies, Inc. Stock Forecast NASDAQ:XELA

$1.50 (-7.98%)

Volume: 26M

Closed: Oct 22, 2021

Hollow Logo Score: -6.814

Exela Technologies, Inc. Stock Forecast

$1.50 (-7.98%)

Volume: 26M

Closed: Oct 22, 2021

Score Hollow Logo -6.814
Which way will XELA go? Request
Earnings Date: Nov 08, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Exela Technologies, Inc. stock currently holds an RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Exela Technologies, Inc. stock price fell more than -7.98% Friday closing at $1.50
(Updated on Oct 22, 2021)


Sell candidate since 2021-09-16 Loss -28.57%

The Exela Technologies, Inc. stock price fell by -7.98% on the last day (Friday, 22nd Oct 2021) from $1.63 to $1.50. and has now fallen 6 days in a row. During the day the stock fluctuated 7.53% from a day low at $1.46 to a day high of $1.57. The price has fallen in 6 of the last 10 days and is down by -9.09% for this period. Volume has increased on the last day by 16 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, 26 million shares were bought and sold for approximately $38.90 million.

The stock lies in the middle of a very 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 -39.85% during the next 3 months and, with a 90% probability hold a price between $0.64 and $1.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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 Exela Technologies, Inc. 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 $1.65 and $1.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, August 06, 2021, and so far it has fallen -53.42%. 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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.11 between high and low, or 7.53%. For the last week, the stock has had a daily average volatility of 4.43%.

Exela Technologies, Inc. is oversold on RSI14 (21). 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 Exela Technologies, Inc. stock A Buy?

Exela Technologies, Inc. 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: -6.814

Predicted Opening Price for Exela Technologies, Inc. of Monday, October 25, 2021

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

Fair opening price October 25, 2021 Current price
$1.51 $1.50 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Aug 31, 2021 "B. Riley" gave "$4.00" rating for XELA. The price target was changed from $2.30 to 5.0%.

Volatility and Risk
Daily Average Volatility: 4.43 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.43 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.67
Price: $1.50
No Support Found

XELA Insider Trading Show all Trades

INSIDER POWER

0.612

Last 100 transactions
Buy: 88 906 111 | Sell: 145 299 836 (Shares)
Date Action Amount Person Type
Oct 15, 2021 Sell 100 000 Chadha Par Common Stock, par value $0.0001 per share (''Common Stock'')
Oct 11, 2021 Buy 90 909 Chadha Sharon Restricted Stock Unit
Oct 11, 2021 Buy 90 909 Chadha Par Restricted Stock Unit
Sep 15, 2021 Sell 100 000 Chadha Par Common Stock, par value $0.0001 per share (''Common Stock'')
Sep 15, 2021 Sell 100 000 Chadha Par Performance Units
Show all Insider Trades
INSIDER POWER

0.612

Last 100 transactions
Buy: 88 906 111 | Sell: 145 299 836 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.62 8.00 %
1.58 5.20 %
1.55 3.47 %
Current price: 1.50
Support 1.47 -2.13 %
1.44 -3.87 %
1.40 -6.67 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.87 24.67 %
1.69 12.67 %
1.67 11.33 %
Current price 1.50
Support 0 .
0 .
0 .

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