Tyler Technologies Inc Stock Forecast
Tyler Technologies Inc stock price up 1.50% on Monday
(Updated on May 06, 2024)
The Tyler Technologies Inc stock price gained 1.50% on the last trading day (Monday, 6th May 2024), rising from $469.00 to $476.02. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.39% from a day low at $471.31 to a day high of $477.86. The price has risen in 8 of the last 10 days and is up by 15.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 193 thousand shares were bought and sold for approximately $91.90 million.
Given the current horizontal trend, you can expect Tyler Technologies Inc stock with a 90% probability to be traded between $400.51 and $477.23 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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TYL Signals & Forecast
Mostly positive signals in the chart today. The Tyler Technologies Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $465.07 and $426.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 19.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Tyler Technologies Inc stock
Tyler Technologies Inc finds support from accumulated volume at $458.07 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 $6.56 between high and low, or 1.39%. For the last week, the stock has had daily average volatility of 1.76%.
The Tyler Technologies Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $461.07 (-3.14%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 93 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (TYL) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Tyler Technologies Inc to open at $475.06, and during the day (based on 14 day Average True Range), to move between $466.25 and $485.79, which gives a possible trading interval of +/-$9.77 (+/-2.05%) up or down from last closing price. If Tyler Technologies Inc takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $458.07, some $17.95 (3.77%) from the current price of $476.02, our system finds the risk reward attractive.
Is Tyler Technologies Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tyler Technologies Inc stock to perform well in the short-term period.
Current score: 4.518 Buy Candidate Unchanged
Predicted Opening Price for Tyler Technologies Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $475.06 ( 0.201%) | $476.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TYL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 481.62 | 1.18 % | |
| R2 | 479.11 | 0.650 % | ||
| R1 | 477.57 | 0.325 % | ||
| Current price: | 476.02 | |||
| Support | S1 | 472.56 | -0.727 % | |
| S2 | 471.01 | -1.05 % | ||
| S3 | 468.51 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 476.02 | |||
| Support | S1 | 458.07 | -3.77% | |
| S2 | 441.11 | -7.33% | ||
| S3 | 416.31 | -12.54% |
TYL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 1990 | Jan 31, 1990 | Feb 20, 1990 | $0.0067 | 0.239% |
| 2 | Oct 30, 1989 | Nov 02, 1989 | Nov 20, 1989 | $0.0067 | 0.390% |
| 3 | Apr 21, 1989 | Apr 26, 1989 | May 15, 1989 | $0.0050 | 0.167% |
| 4 | Jan 30, 1989 | Feb 01, 1989 | Feb 21, 1989 | $0.0050 | 0.218% |
| 5 | Oct 31, 1988 | Nov 03, 1988 | Nov 21, 1988 | $0.0050 | 0.245% |
FAQ
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