Exela Stock Forecast
Exela stock price ended at $2.01 on Monday, after gaining 1.52%.
(Updated on Apr 22, 2024)
The Exela stock price gained 1.52% on the last trading day (Monday, 22nd Apr 2024), rising from $1.98 to $2.01. During the last trading day the stock fluctuated 9.63% from a day low at $1.87 to a day high of $2.05. The price has fallen in 7 of the last 10 days and is down by -22.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 93 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately $385.80 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 $1.94 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 8.30% during the next 3 months and, with a 90% probability hold a price between $2.10 and $3.59 at the end of this 3-month period.
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XELA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.52%. 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 $2.20 and $2.42. 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 $2.00 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 $0.180 between high and low, or 9.63%. For the last week, the stock has had daily average volatility of 9.29%.
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 Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Exela Technologies, Inc. to open at $1.98, and during the day (based on 14 day Average True Range), to move between $1.76 and $2.26, which gives a possible trading interval of +/-$0.247 (+/-12.29%) up or down from last closing price. If Exela Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 24.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.00 (0.50%) than the resistance at $2.23 (10.95%), 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: -2.760 Sell Candidate Unchanged
Predicted Opening Price for Exela Technologies, Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $1.98 ( 1.66%) | $2.01 |
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 | 2.16 | 7.30 % | |
| R2 | 2.09 | 3.88 % | ||
| R1 | 2.05 | 1.76 % | ||
| Current price: | 2.01 | |||
| Support | S1 | 1.91 | -5.08 % | |
| S2 | 1.87 | -7.19 % | ||
| S3 | 1.80 | -10.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.41 | 19.90 % | |
| R2 | 2.29 | 13.93 % | ||
| R1 | 2.23 | 10.95 % | ||
| Current price | 2.01 | |||
| Support | S1 | 2.00 | -0.498% | |
| S2 | 1.98 | -1.49% | ||
| S3 | 1.83 | -8.96% |
FAQ
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