Agilysys Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Agilysys
(Updated on Jul 02, 2024)
The Agilysys stock price gained 0.213% on the last trading day (Tuesday, 2nd Jul 2024), rising from $103.43 to $103.65. During the last trading day the stock fluctuated 1.62% from a day low at $102.16 to a day high of $103.81. The price has risen in 6 of the last 10 days and is up by 10.11% over the past 2 weeks. Volume fell on the last day by -99 thousand shares and in total, 117 thousand shares were bought and sold for approximately $12.15 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 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 23.91% during the next 3 months and, with a 90% probability hold a price between $114.32 and $141.01 at the end of this 3-month period.
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AGYS Signals & Forecast
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 $101.87 and $96.86. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -0.556%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Agilysys stock
Agilysys finds support from accumulated volume at $99.85 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 $1.65 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: $100.39 (-3.14%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (AGYS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Agilysys to open at $103.21, and during the day (based on 14 day Average True Range), to move between $100.39 and $106.91, which gives a possible trading interval of +/-$3.26 (+/-3.14%) up or down from last closing price. If Agilysys takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $104.05 (0.39%) than the support at $99.85 (3.67%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Agilysys stock to perform well in the short-term.
Current score: 2.140 Buy Candidate Unchanged
Predicted Opening Price for Agilysys of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $103.21 ( 0.428%) | $103.65 |
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 | |
|---|---|---|
| R3 | 104.86 | 1.16% |
| R2 | 104.23 | 0.556% |
| R1 | 103.84 | 0.180% |
| Price | 103.65 | |
| S1 | 102.58 | -1.04% |
| S2 | 102.19 | -1.41% |
| S3 | 101.56 | -2.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.23 | 0.560% |
| R2 | 104.14 | 0.473% |
| R1 | 104.05 | 0.386% |
| Price | 103.65 | |
| S1 | 99.85 | -3.67% |
| S2 | 98.44 | -5.03% |
| S3 | 92.16 | -11.09% |
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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