Exela stock price analysis. Should you buy xela?

Exela Technologies, Inc. (ticker: XELA) is a company that provides business process automation solutions and services. Its stock has attracted attention from various types of investors over time.

Exela Technologies Inc introduction

Exela Technologies, Inc. is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. Its segments include Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).

ITPS provides industry-specific solutions for banking and financial services, including lending solutions for mortgages and auto loans, and banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination enrollments, claims processing, and benefits administration communication, among others. HS offerings include revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for both the healthcare payer and provider markets. LLPS solutions include processing of legal claims for class action and mass action settlement administrations.

XELA analysis

The Exela stock price gained 0.94% on the last trading day (Friday, 16th Aug 2024), rising from $2.13 to $2.15. During the last trading day the stock fluctuated 5.07% from a day low at $2.10 to a day high of $2.21. The price has fallen in 5 of the last 10 days and is down by -1.83% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $69.50 thousand.

The stock of Exela Technologies is presenting mixed signals today. The short-term Moving Average (MA) is indicating a buy signal, while the long-term MA suggests a general sell signal. This divergence, with the long-term MA positioned above the short-term MA, points to an overall bearish outlook for the stock.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.14% during the next 3 months and, with a 90% probability hold a price between $1.57 and $2.09 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.

XELA forecast

If the stock price rises, it will face resistance at the long-term MA level of $2.31. Conversely, if the price falls, it will find some support at the short-term MA level of $2.13. A breakout above the long-term MA could trigger a new buy signal, whereas a drop below the short-term MA would reinforce the sell signal and further confirm the negative trend.

A sell signal was issued from a pivot top on Friday, July 26, 2024, with the stock declining by 14.00% since then, indicating further potential declines until a new pivot bottom is established. The 3-month Moving Average Convergence Divergence (MACD) is also signaling a sell.

Although there has been increased trading volume accompanying the recent price rise, which is technically positive, the overall low volume increases risk and diminishes the reliability of other technical signals.

Should you buy xela?

Exela finds support from accumulated volume at $2.12 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 much during the 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 $0.107 between high and low, or 5.07%. For the last week, the stock has had daily average volatility of 5.60%.

Exela Technologies (XELA) garners interest primarily from retail investors and traders drawn to its volatility and speculative potential. While not as widely followed as larger, established companies, XELA has attracted attention in niche investment circles, particularly due to its fluctuating stock price and occasional high trading volumes. Its popularity can spike with significant news events or earnings reports, but it remains a more speculative play compared to major stocks.

For those intrigued by smaller-cap stocks with high potential for both gains and risks, XELA might be appealing, but it’s essential to stay updated on its latest developments and market sentiment.

When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.