EXACT SCIENCES CORP (EXAS) Stock Technical Analysis
USA - NASDAQ:EXAS - US30063P1057 - Common Stock
53.32 USD
-0.27 (-0.5%)
53.32 USD
0 (0%)
Overall EXAS gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EXAS is a bad performer.
85% of all other stocks performed better in the past year than EXAS.
Both the short term and long term trends are positive. This is a very positive sign.
EXAS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
EXAS has an average volume of 3147270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EXAS is part of the Biotechnology industry. There are 540 other stocks in this industry, EXAS did better than 46% of them.
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.
Although the technical rating is only medium, EXAS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 56.11. Right above this resistance zone may be a good entry point.
More info and screens
39.91
74.72
3 important support areas can be observed.
- Support @52.37 from a horizontal line 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 56.11 to 56.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 58.09 to 58.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @69.59 from a trend line in the weekly time frame.
- Resistance @71.34 from a horizontal line in the weekly time frame.
- Resistance @73.98 from a horizontal line in the weekly time frame.
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 | 15.04 | NEGATIVE | EXAS has a low relative strength, it was outperformed by 84.96% off all stocks 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) | DOWN | MIXED | The current price of EXAS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EXAS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.42 | NEUTRAL | The RSI value for EXAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EXAS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.4 | NEUTRAL | The Stochastics value for EXAS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for EXAS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.3 | POSITIVE | The high ADX value value for EXAS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.98 | 52.36 | 1.62 (3.00%) | 25.00% |
| An entry @53.98. This is a Buy Stop order right above the 10 day moving average. | An exit @52.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.62 points, which is 3.00%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EXAS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
53.32
-0.27 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.5%
1 Week-1.15%
2 Weeks-0.91%
1 Month14.22%
3 Month0.57%
6 Month16.88%
12 Month-23.93%
2 Year-21.84%
3 Year64.11%
5 Year-47.7%
10 Year196.39%
15 Year636.46%
Volatility
ATR(14)1.82
ATR(20)%3.15%
ATR Inc-35.47%
Range Today0.72
ADR(20)1.54
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.04
Mansfield-1.1
10 Day High56.52
10 Day Low52.11
20 Day High56.52
20 Day Low45.38
52 Week High72.83
52 Week Low38.81
CS1 End52.37
CR1 Start56.11
Volume & EV
DER(3)2.34%
DER(5)1.43%
Volume3.10M
Volume Incr-17.73%
Vol(5)2.43M
Vol(50)3.15M