Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>In the monthly and quarterly time frame, XELA stock lost over 10% and 30% of its trading price, respectively.</a> </li> 
 <li> <span>2</span> <a>XELA stock is expected to face immediate resistance of $5.07 followed by $5.53.&nbsp;</a> </li> 
</ul> 
<p>NASDAQ: XELA stock lost 19% of its trading price in the weekly time frame. On August 17, it opened at $4.44; lowering to $4.33, it hit a high of $4.50 and closed at $4.45 with an intraday trading volume of 117.83k.</p> 
<p>On August 16 and 17, buyers overwhelmed sellers. In the 52 weeks time frame, Exela Technologies, Inc. shares traded highest at $260, while the lowest price was $2.62.</p> 
<p>In the monthly and quarterly time frame, XELA stock lost over 10% and 30% of its trading price. Exela Technologies, Inc. has a market capitalization of $28.351 Million, and its share average trading volume is 428.763k.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-xela-stock-price-analysis-strong"><strong>XELA Stock Price Analysis&nbsp;</strong></h2> 
<p>On August 02, XELA stock was trading at around $6.40, but the constant selling pressure dragged the price below $3. At press time, XELA share was trading at $4.45. Starting from August 02, sellers took control, which helped them drag the stock price downwards.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/g9KuXomn0OCcIaEn99jMiEOIjVmvCzlf1qMfNH1MouhEGCElzEb7zxAP7FaEgkAWo12uCrTydwKr-BgZVVsO-a09a6RKc-uo2zVgdEOKp1wfnWBqbzM4U_QhC-XGOVpoC2qrUXBxgFirlIviQbyHSis" alt="After Losing 19% Weekly XELA Stock on Way to Break $3.95 Support"> 
  <figcaption class="wp-element-caption">
    Source: XELA stock price chart from TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Technical analysis of XELA share shows that if sellers continue to dominate, it may fall further and face immediate support of $3.95 and the next possible support of $2.62.</p> 
<p>If buyers check sellers’ dominance in the August 18 trading session, XELA stock is expected to face immediate resistance of $5.07 and the next possible resistance of $5.53.</p> 
<p>As per analysts, XELA stock might open a few percent below its last closing price. At press time, Exela Technologies, Inc.’s share was trading below the 50-day and 200-day exponential moving averages.</p> 
<p>According to TradingView, 6.367 Million XELA shares are free-floating, and the remaining 4.32k shares are closely held by the company’s financial backers or the board of directors.</p> 
<h3 class="wp-block-heading" id="strong-exela-technologies-inc-earnings-revenue-strong"><strong>Exela Technologies, Inc Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 &amp; Q2 2023, <a href="https://www.thecoinrepublic.com/2023/04/14/xela-stock-price-prediction-is-exela-technologies-still-bearish/" rel="noopener noreferrer nofollow">Exela Technologies, Inc. </a>reported less revenue than estimated. In Q1, the company was expected to report $291.70 Million in revenue, but it reported $273.62 Million.&nbsp;</p> 
<p>Similarly, in Q2, it was supposed to report $278.30 Million, but it reported $272.94 Million.&nbsp;</p> 
<p>Despite negative revenue in both Q1 and Q2, the company’s Earnings Per Share surged more than 88.11% in the first quarter and 92.79% in the second quarter of 2023.&nbsp;</p> 
<p>In the financial year 2022, Exela Technologies, Inc. reported $1.08 Billion in revenue, including -$415.58 Million as net income and -38.58% as profit margin.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Major support: $3.95 and $2.62</p> 
<p>Major resistance: $5.07 and $5.53</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>XELA stock has been consolidating over the past two trading sessions. Over the week, there was a 19% drop in trading volume.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

After Losing 19% Weekly XELA Stock on Way to Break $3.95 Support

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 18, 2023

SHIB Burn Melesat 64 Persen Pasca Masalah Peluncuran Shibarium

The Drop in Bitcoin Deleted $1 Billion! Which Altcoins Have Experienced the Most Liquidations?

Launching Rangers Protocol Node Management Platform 2.0: Empowering Node Operators

Monero (XMR) Dips, Borroe ($ROE) Eyes Elite Status in Crypto Top 50 by 2024

Ripple Defies Myths: XRP Paves the Way for Crypto's True Potential

Crypto Whale Saves Millions Selling Ethereum Before Market Drop

Join our free newsletter for daily crypto updates!