Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of XELA
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Exela stock price up more than 6.38% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 28.46% PDF

The Exela stock price gained 6.38% on the last trading day (Thursday, 28th Mar 2024), rising from $3.06 to $3.25. During the last trading day the stock fluctuated 9.84% from a day low at $3.05 to a day high of $3.35. The price has risen in 6 of the last 10 days and is up by 57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 243 thousand shares were bought and sold for approximately $789.13 thousand.

Given the current short-term trend, the stock is expected to fall -9.89% during the next 3 months and, with a 90% probability hold a price between $1.59 and $2.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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XELA Signals & Forecast

Mostly positive signals in the chart today. The Exela stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $2.89 and $2.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 77.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Exela stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.07 and $2.75. There is a 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, Exela finds support just below today's level at $3.07. If this is broken, then the next support from accumulated volume will be at $2.75 and $2.53.

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 $0.300 between high and low, or 9.84%. For the last week, the stock has had daily average volatility of 14.67%.

Our recommended stop-loss: $3.13 (-3.60%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (XELA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Exela Technologies, Inc. to open at $3.22, and during the day (based on 14 day Average True Range), to move between $2.96 and $3.54, which gives a possible trading interval of +/-$0.292 (+/-8.98%) up or down from last closing price. If Exela Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 17.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.36 (3.38%) than the support at $3.07 (5.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Exela Technologies, Inc. stock A Buy?

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 stock to perform well in the short-term.

Current score: 3.875 Buy Candidate Unchanged

Predicted Opening Price for Exela Technologies, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.22 ( 1.03%) $3.25

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 3.52 8.21 %
R2 3.40 4.68 %
R1 3.33 2.50 %
Current price: 3.25
Support S1 3.10 -4.55 %
S2 3.03 -6.73 %
S3 2.92 -10.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 3.36 3.38 %
Current price 3.25
Support S1 3.07 -5.54%
S2 2.75 -15.38%
S3 2.53 -22.15%

FAQ

What is the symbol for Exela Stock and on which exchange is it traded?
The symbol for Exela is XELA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Exela Stock?
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 stock to perform well in the short-term.

How to buy Exela Stock?
Exela Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Exela Stock.

What's the current price of Exela Stock?
As of the end of day on the 2024-03-28, the price of an Exela (XELA) share was $3.25.

What is the 52-week high and low for Exela Stock?
The 52-week high for Exela Stock is $11.90 and the 52-week low is $1.83.

What is the market capitalization of Exela Stock?
As of the 2024-03-28, the market capitalization of Exela is 19.446M.

When is the next earnings date for Exela?
The upcoming earnings date for Exela is Apr 01, 2024.
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About Exela Technologies, Inc.

Exela Exela Technologies, Inc. provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS). The ITPS segment provides lending solutions for mortgages and auto loans; banking solutions for clearing,... XELA Profile

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