Weaker Buy Today EXEL ranks #267 as BUY CANDIDATE. Stronger Buy
Today EXEL ranks #267 as BUY CANDIDATE.

EXEL stock Exelixis

EXEL stock
Exelixis

23 January 2019
Change 0.05%
Chart period: 2018-10-24 - 2019-01-23
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
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Exelixis Stock Analysis

Technical stock analysis for 23 January 2019

Buy candidate since 2019-01-18 Loss -2.34%
Shorts n/a
Cash n/a
Loans n/a
Beta 2.19
ROA 45.10

Exelixis gained 0.05% in the last trading day, rising from $22.11 to $22.12 The price has fallen in 6 of the last 10 days and is down by -4.98% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.17 million more shares were traded than the day before. In total, 4.75 million shares bought and sold for approximately $105.11 million.

Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the EXEL stock was $22.12. This is 0.05% more than the trading day before Tuesday, 22nd Jan 2019.

During day the stock fluctuated 3.24% from a day low at $21.61 to a day high of $22.31.

30 day high of the EXEL stock price was $24.25 and low was $17.14.
90 day high was $24.25 and low was $13.42.
52 week high for the Exelixis - $31.79 and low - $13.42.

Trend

Exelixis lies in the middle of a very wide and 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 45.71% during the next 3 months and, with 90% probability hold a price between $29.22 and $37.86 at the end of this period.

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Signals

Only positive signals in the chart today. Exelixis holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $22.79. On a fall, the stock will find some support from the long-term average at approximately $21.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday January 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A sell signal from a double top formation was found on Tuesday January 15, 2019 and based on theory for this formation the price should fall by -2.26% to $21.81 within 3 trading days since signal was issued (Friday January 18, 2019).

Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $18.40 and $17.72.

There is 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 $18.40. If this is broken, then the next support from accumulated volume will be at $17.72 and $17.41.

Support: $18.40 Price: $22.12 Resistance: $22.65

Risk

This stock may move much during a 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 $0.70 between high and low, or 3.24%. For the last week, the stock has had a daily average volatility of 3.87%.

Our recommended stoploss: $20.58 (-6.94%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term.

Weaker Buy Today EXEL ranks #267 as BUY CANDIDATE. Stronger Buy
Today EXEL ranks #267 as BUY CANDIDATE.