Agilysys Stock Forecast
Weaker technical forecast for Agilysys as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
The Agilysys stock price fell by -4.49% on the last day (Friday, 3rd May 2024) from $82.93 to $79.21. During the last trading day the stock fluctuated 6.59% from a day low at $78.96 to a day high of $84.16. The price has been going up and down for this period, and there has been a -3.14% loss for the last 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 121 thousand shares were bought and sold for approximately $9.58 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Agilysys stock with a 90% probability to be traded between $74.17 and $90.64 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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AGYS Signals & Forecast
There are few to no technical positive signals at the moment. The Agilysys stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $82.48 and $81.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -6.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Agilysys stock
Agilysys finds support from accumulated volume at $78.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $5.20 between high and low, or 6.59%. For the last week the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGYS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Agilysys to open at $80.78, and during the day (based on 14 day Average True Range), to move between $76.95 and $81.47, which gives a possible trading interval of +/-$2.26 (+/-2.86%) up or down from last closing price. If Agilysys takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $78.98 (0.29%) than the resistance at $82.39 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agilysys stock A Buy?
Agilysys holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.344 Sell Candidate Downgraded
Predicted Opening Price for Agilysys of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $80.78 ( 1.98%) | $79.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGYS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.98 | 8.54 % | |
| R2 | 83.99 | 6.03 % | ||
| R1 | 82.76 | 4.49 % | ||
| Current price: | 79.21 | |||
| Support | S1 | 78.79 | -0.530 % | |
| S2 | 77.56 | -2.08 % | ||
| S3 | 75.58 | -4.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.25 | 7.63 % | |
| R2 | 84.26 | 6.38 % | ||
| R1 | 82.39 | 4.01 % | ||
| Current price | 79.21 | |||
| Support | S1 | 78.98 | -0.290% | |
| S2 | 78.73 | -0.606% | ||
| S3 | 76.42 | -3.52% |
AGYS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2009 | Jul 16, 2009 | Aug 03, 2009 | $0.0300 | 0.595% |
| 2 | Apr 10, 2009 | Apr 14, 2009 | May 01, 2009 | $0.0300 | 0.441% |
| 3 | Jan 15, 2009 | Jan 16, 2009 | Feb 01, 2009 | $0.0300 | 0.84% |
| 4 | Oct 03, 2008 | Oct 09, 2008 | Nov 01, 2008 | $0.0300 | 0.746% |
| 5 | Jul 02, 2008 | Jul 11, 2008 | Aug 01, 2008 | $0.0300 | 0.256% |
FAQ
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