Exelixis Inc (EXEL): Price Now Near $17.71; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for EXEL

At the moment, EXEL (Get Ratings)’s price is up $0.23 (1.32%) from the hour prior. The hourly chart shows that EXEL has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Business Services stocks, EXEL ranks 160th in regards to today’s price percentage change.

EXEL’s Technical Outlook on the Daily Chart

At the moment, EXEL’s price is up $0.19 (1.09%) from the day prior. EXEL has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Exelixis Inc’s price action over the past 90 days can be seen via the chart below.



EXEL: Daily RSI Analysis

  • EXEL’s RSI now stands at 30.203.
  • EXEL and RSI may be exhibiting divergent trends. This may be something to monitor.

For EXEL News Traders

News traders keeping an eye on EXEL may find value in this recent story:

Notable Exelixis Insider Trades $2.3M In Company Stock

Peter Lamb, Insider at Exelixis (NASDAQ:EXEL), made a large buy and sell of company shares on November 15, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Peter Lamb exercised options to purchase 47,500 Exelixis shares at a price of $6.21 per share for a total of $294,975 on November 15. They then sold their shares on the same day in the open market. They sold at prices ranging from $18.09 to $18.10 to raise a total of $1

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