Exela Stock Forecast
Exela stock price ended at $1.96 on Wednesday, after gaining 0.513%.
(Updated on Apr 24, 2024)
The Exela stock price gained 0.513% on the last trading day (Wednesday, 24th Apr 2024), rising from $1.95 to $1.96. During the last trading day the stock fluctuated 5.69% from a day low at $1.90 to a day high of $2.01. The price has fallen in 6 of the last 10 days and is down by -19.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $263.41 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.93 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.63% during the next 3 months and, with a 90% probability hold a price between $2.05 and $3.53 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XELA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.513%. Further rise is indicated until a new top pivot has been found. Exela has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Exela 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 $2.08 and $2.41. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Exela stock
Exela finds support from accumulated volume at $1.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.108 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 9.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XELA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Exela Technologies, Inc. to open at $1.96, and during the day (based on 14 day Average True Range), to move between $1.73 and $2.19, which gives a possible trading interval of +/-$0.230 (+/-11.71%) up or down from last closing price. If Exela Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 23.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.95 (0.51%) than the resistance at $2.23 (13.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Exela Technologies, Inc. stock A Buy?
The Exela stock holds several negative signals and despite the positive trend, we believe Exela will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.484 Sell Candidate Unchanged
Predicted Opening Price for Exela Technologies, Inc. of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$1.96 ( 0.139%) | $1.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XELA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.07 | 5.38 % | |
R2 | 2.02 | 3.27 % | ||
R1 | 2.00 | 1.97 % | ||
Current price: | 1.96 | |||
Support | S1 | 1.92 | -2.25 % | |
S2 | 1.89 | -3.55 % | ||
S3 | 1.85 | -5.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.41 | 22.96 % | |
R2 | 2.29 | 16.84 % | ||
R1 | 2.23 | 13.78 % | ||
Current price | 1.96 | |||
Support | S1 | 1.95 | -0.510% | |
S2 | 1.83 | -6.63% | ||
S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Exela Stock.