Agilysys Stock Forecast

Buy or Hold candidate since Nov 08, 2024 Gain 12.50%

The Agilysys stock price gained 1.30% on the last trading day (Friday, 6th Dec 2024), rising from $131.94 to $133.66. During the last trading day the stock fluctuated 2.00% from a day low at $132.83 to a day high of $135.49. The price has risen in 6 of the last 10 days and is up by 1.27% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 164 thousand shares were bought and sold for approximately $21.98 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 lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.81% during the next 3 months and, with a 90% probability hold a price between $143.65 and $183.31 at the end of this 3-month period.

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AGYS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, November 25, 2024, and so far it has fallen -3.00%. 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). The Agilysys 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 $133.24 and $120.46. A breakdown below any of these levels will issue sell signals. 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.

Support, Risk & Stop-loss for Agilysys stock

On the downside, the stock finds support just below today's level from accumulated volume at $125.02 and $104.79. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agilysys finds support just below today's level at $125.02. If this is broken, then the next support from accumulated volume will be at $104.79 and $102.51.

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 $2.66 between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 2.68%.

Our recommended stop-loss: $128.61 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (AGYS) For The Upcoming Trading Day Of Monday 9th

For the upcoming trading day on Monday, 9th we expect Agilysys to open at $133.99, and during the day (based on 14 day Average True Range), to move between $129.36 and $137.96, which gives a possible trading interval of +/-$4.30 (+/-3.22%) up or down from last closing price. If Agilysys takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $137.48 (2.86%) than the support at $125.02 (6.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Agilysys stock A Buy?

Agilysys holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.953 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 9, 2024 - $133.99 ( 0.250%).