Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Wednesday June 19, 2019 Change 0.96% Price $20.97
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will EXEL stock price go up or down on Thu, 20 Jun 2019?

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Exelixis Forecast and Stock Analysis

Technical EXEL stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-17 Gain 1.50%


Exelixis gained 0.96% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $20.77 to $20.97 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.94% from a day low at $20.59 to a day high of $20.99. The price has risen in 7 of the last 10 days and is up by 5.86% over the past 2 weeks. Volume fell in the last day by -1.04 million shares, and in total, 1.47 million shares bought and sold for approximately $30.89 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the EXEL stock price was $20.99 and low was $18.88.
  • 90 day high was $25.20 and low was $18.80.
  • 52 week high for the Exelixis - $25.31 and low - $13.42.

Trend

Exelixis has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $20.57, a level that may pose a second chance to hit a runner. According to fan-theory $24.49 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Only positive signals in the chart today. Exelixis holds buy signals from both short- and long-term moving averages. In addition, 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 $20.29 and $19.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Exelixis finds support from accumulated volume at $20.55.

Support: $20.55 Price: $20.97 Resistance: $21.40

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.40 (1.94%) between high and low. For the last week, the stock has had a daily average volatility of 2.37%.

Our recommended stoploss: $20.24 (-3.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

2.37 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Buy Candidate Downgraded
Weaker Buy Today EXEL ranks #976 as BUY CANDIDATE #976 Stronger Buy

Will EXEL stock price go up or down on Thu, 20 Jun 2019?

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