EXAS Technical Analysis - EXACT SCIENCES CORP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to EXAS. Although EXAS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month EXAS has a been trading in the 51.75 - 62.31 range, which is quite wide. It is currently trading near the high of this range.

EXAS has an average volume of 3035020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, EXAS turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.

EXAS is an average performer in the Biotechnology industry, it outperforms 51% of 536 stocks in the same industry.

EXAS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EXAS is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EXACT SCIENCES CORP / EXAS Weekly stock chart

EXACT SCIENCES CORP / EXAS Daily stock chart

Setup Rating and Analysis

Although EXAS has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

39.91

74.72

When analyzing the support we can see 3 important areas.

A support zone ranging from 51.75 to 52.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 41.58 to 41.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @40.31 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

Resistance @69.39 from a trend line in the weekly time frame.
Resistance @73.98 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for EXAS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EXAS is up.
ChartMill Relative Strength	54.92	NEUTRAL	EXAS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EXAS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EXAS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EXAS is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.26	OVERBOUGHT	The high RSI value suggests EXAS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests EXAS has a positive trend.
Stochastics (14,3)	88.74	OVERBOUGHT	The high Stochastics value suggests EXAS may be overbought.
Average True Range in percent/ATR (20)	2.57	MEDIUM VOLATILITY	The ATR as a percentage value for EXAS suggests some volalility.
Average Directional Index/ADX (14)	41.96	POSITIVE	The high ADX value value for EXAS suggests a strong trend.