Exelixis Stock Analysis
Technical stock analysis for 23 January 2019
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
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.
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.)
Very Low Low Medium High Very High
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.
|EXEL $22.12 $0.01(0.05%)|
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