Exelon stock: buy or sell
Jul 29th, 2021
Exelon stock brief
- Exelon closed on Wednesday at $46.98 after barely moving a -0.55%.
- Exelon is presenting its earnings report next Tuesday
- The price is currently over the upper Bollinger band, which is usually an indicator of a short-term correction
- From the chart point view, price is drawing a scaled uptrend since last February with higher tops and higher bottoms. Up to date, the uptrend marked a 24.81% gain since the beginning of this rally
- Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada.
Should I buy Exelon stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $EXC stock a buy?
Currently, Exelon stock matches one trading strategy:
Uptrend buy setup
Exelon stock is in an uptrend since last February that so far has marked a gorgeous 25.00% gain. Price marked a pull back in this uptrend at $43.82 in late June, and since then it bounced up a 7.21%. Now, it's just 0.81% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $47.36. If you decide to enter this trade, the suggested stop loss is at $42.62
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$47.36||$42.62||10.00%|
Should I sell Exelon stock?
"To sell or not to sell", if you are holding Exelon shares?. As when we have to buy shares, choosing when is the best time to sell is not a whimsical decision, and we must use our own trading strategy. When selling, as well as buying, our strategies are very easy to use but are only applicable for selling stocks you already own, not for shorting $EXC stock
A golden rule is that you should never hold a trading operation that leads to higher than expected losses at the time of purchase. The timing to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Exelon stock?
Currently, Exelon stock doesn't match any of our preferred sell setups, so if you hold Exelon stock and your operation is in profit probably is not time to sell now
In the previous 30 days we couldn't find any rating for Exelon
Exelon stock analysis
Exelon shares started an uptrend last February, and gained a gorgeous 24.81%. The price shows higher peaks and higher troughs, and along the way gave some entry points for those who wanted to invest. Latest pullback was in late June, when price bounced at $43.82. Currently, the price trades in a consolidation between its last top ($47.36) and its last bottom ($43.82)
Supports and resistances
The current resistance levels are:
The current support levels are:
When the price moves out of the band (above the upper line or below the lower line) it shows that the stock is maintaining a very strong momentum and therefore can reverse the trend to the average. In this case, the price is above the upper band, and that should mean a possible short-term corrective movement (at least) until it is below the band
Relative strength index
When the moves for so long below 70 and above 30, without indication of overbought and oversold, the indicator turns out to be of little use, and we find ourselves in one of these cases.
Exelon stock price history
Exelon went public on May 2nd, 1973 at $0.00 per share1. Since then, EXC stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Exelon stock on the IPO, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Exelon stock
Nobody knows how much a share will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by brokerage institutions for the last 30 days. Again, these estimates are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price published in the last month for Exelon.
Earnings and financials
Exelon ($EXC) will host the earnings call next Tuesday. Wall Street analysts estimate of $0.67, that is a 1,216.67% higher than Q1.
Last May, Exelon Corporation ($EXC) posted EPS for that seriuosly failed to match Market expectations. Quarterly EPS was $-0.06 per share vs the estimates of $0.36. This quarterly report means an earnings surprise of -116.67%. Revenue was $9.9 billion versus $8.4 billion predicted by market consensus.Same quarter one year ago, reported EPS was $0.87, so current EPS is a drop of -106.90%. Looking at turnover, figures skyrocketed a 13.07% compared to $87.5B same quarter a year ago.
Disclaimer:The viewpoints published in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the individual scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for educative motives only
|Wednesday, July 28th, 2021|
|Day range||$46.6 - $47.39|
|Average true range||$0.89|
|50d mov avg||$45.49|
|100d mov avg||$44.60|
|200d mov avg||$42.79|
|Earnings date||August 3rd, 2021|