$EXLS Bullish Parallel Uptrend BreakNASDAQ:EXLS Bullish to bearish reversal. Parallel Uptrend Break and reported earnings miss. All the elements of a top. ExlService Holdings, Inc. (EXLS) reported earnings on July 27, 2023, and the stock sold off after the announcement. The company reported earnings per share of $1.46, which was ahead of analyst expectations of $1.35. However, revenue of $405.0 million was below analyst expectations of $410.0 million.
There are a few reasons why the stock sold off after the earnings announcement. First, the revenue miss was a bit of a surprise. Second, the company's guidance for the third quarter was below analyst expectations. Third, the overall market was down on the day, which may have also contributed to the sell-off.
EXLS
EXLS: VCP Pattern VCP: 11W 14/2 4T
RS: 75
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.