RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INFY
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Infosys Limited stock price up 0.225% on Wednesday
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 0.23% PDF

The Infosys Limited stock price gained 0.225% on the last trading day (Wednesday, 27th Mar 2024), rising from $17.75 to $17.79. During the last trading day the stock fluctuated 0.90% from a day low at $17.68 to a day high of $17.84. The price has fallen in 6 of the last 10 days and is down by -8.25% for this period. Volume fell on the last day by -5 million shares and in total, 5 million shares were bought and sold for approximately $95.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $17.63 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Infosys Limited stock with a 90% probability to be traded between $17.56 and $20.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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INFY Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Infosys Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.13 and $19.48. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Infosys Limited stock

Infosys Limited finds support from accumulated volume at $17.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.160 between high and low, or 0.90%. For the last week, the stock has had daily average volatility of 1.50%.

Infosys Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $16.78 (-5.69%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (INFY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Infosys Limited to open at $17.77, and during the day (based on 14 day Average True Range), to move between $17.46 and $18.12, which gives a possible trading interval of +/-$0.326 (+/-1.83%) up or down from last closing price. If Infosys Limited takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.75 (0.22%) than the resistance at $18.10 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Infosys Limited stock A Buy?

Infosys Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.883 Hold/Accumulate Unchanged

Predicted Opening Price for Infosys Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$17.77 ( 0.112%) $17.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for INFY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.93 0.787 %
R2 17.87 0.443 %
R1 17.83 0.231 %
Current price: 17.79
Support S1 17.71 -0.456 %
S2 17.67 -0.668 %
S3 17.61 -1.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.99 12.37 %
R2 18.21 2.36 %
R1 18.10 1.74 %
Current price 17.79
Support S1 17.75 -0.225%
S2 17.72 -0.393%
S3 17.63 -0.90%

INFY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 13, 2023 Oct 24, 2023 Nov 16, 2023 $0.216 1.25%
2 Apr 14, 2023 Jun 01, 2023 Aug 06, 2023 $0.213 1.27%
3 Oct 14, 2022 Oct 27, 2022 Nov 14, 2022 $0.201 1.03%
4 Apr 18, 2022 May 31, 2022 Jun 01, 2022 $0.210 1.10%
5 Oct 26, 2021 Oct 26, 2021 Nov 12, 2021 $0.199 0.84%

FAQ

What is the symbol for Infosys Limited Stock and on which exchange is it traded?
The symbol for Infosys Limited is INFY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Infosys Limited Stock?
Infosys Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Infosys Limited Stock?
Infosys Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Infosys Limited Stock.

What's the current price of Infosys Limited Stock?
As of the end of day on the 2024-03-27, the price of an Infosys Limited (INFY) share was $17.79.

What is the 52-week high and low for Infosys Limited Stock?
The 52-week high for Infosys Limited Stock is $20.74 and the 52-week low is $14.71.

What is the market capitalization of Infosys Limited Stock?
As of the 2024-03-27, the market capitalization of Infosys Limited is 73.841B.

When is the next earnings date for Infosys Limited?
The upcoming earnings date for Infosys Limited is Apr 11, 2024.
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About Infosys Limited

Infosys Limited Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services. The company's products and platforms include Finacle... INFY Profile

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