VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

XELA Forecast and Technical Stock Analysis

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Buy candidate since 2019-07-22

Exela Technologies, Inc. gained 2.94% in the last trading day ( Monday, 22nd Jul 2019 ), rising from $2.38 to $2.45 During the day the stock fluctuated 5.82% from a day low at $2.32 to a day high of $2.46. The price has been going up and down for this period, and there has been a 18.36% gain for the last 2 weeks. Volume fell in the last day by -114 418 shares and in total, 113 561 shares bought and sold for approximately $278 224.00. 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 XELA stock price was $2.96 and low was $1.86.
  • 90 day high was $3.68 and low was $1.65.
  • 52 week high for Exela Technologies, Inc. - $7.34 and low - $1.65.
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Trend

Exela Technologies, Inc. lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -37.20% during the next 3 months and, with 90% probability hold a price between $0.47 and $1.55 at the end of this period.

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Signals

Exela Technologies, Inc. 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 $2.26 and $2.13. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday July 19, 2019, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

A buy signal from a double bottom formation was found on Wednesday July 17, 2019 with a target of $2.18. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 65 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Exela Technologies, Inc. finds support from accumulated volume at $2.39.

Support: $2.39 Price: $2.45 Resistance: $2.51

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 5.82%. For the last week the stock has had a daily average volatility of 14.97%.

Our recommended stop-loss: $2.33 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

14.97 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Will XELA stock price go up or down on Tue, 23 Jul 2019?

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