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Which way will AUDC go? Request
Stop-loss: $31.25 (-4.62%)
Key Stats
P/E Ratio 32.21
Beta 0.9
Trailing Dividend Rate 0.91% ($0.30)
Next Dividend Date August 10, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 45 and the stock is currently not being overbought or oversold

AudioCodes Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session. (Updated on July 30, 2021)


Hold candidate since 2021-07-30

The AudioCodes Ltd. stock price fell by -0.52% on the last day (Friday, 30th Jul 2021) from $32.93 to $32.76. During the day the stock fluctuated 1.66% from a day low at $32.45 to a day high of $32.99. The price has fallen in 6 of the last 10 days, but is still up by 2.57% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 thousand shares and in total, 86 thousand shares were bought and sold for approximately $2.81 million.

The stock lies in the middle of a wide and weak 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 4.73% during the next 3 months and, with a 90% probability hold a price between $32.96 and $37.82 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, July 27, 2021, and so far it has risen 4.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AudioCodes Ltd. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $33.27. On a fall, the stock will find some support from the short-term average at $32.25. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

AudioCodes Ltd. finds support from accumulated volume at $31.40 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 $0.54 between high and low, or 1.66%. For the last week the stock has had a daily average volatility of 3.59%.

Our recommended stop-loss: $31.25 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Is AudioCodes Ltd. stock A Buy?

AudioCodes Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.481

Predicted Opening Price for AudioCodes Ltd. of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$32.73 $32.76 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On June 30, 2021 "Barclays" gave "$34.00 - $32.00" rating for AUDC. The price target was set to $33.10+0.6%.

Volatility
3.59 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $33.09
Price: $32.76
Support: $31.40

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 33.27 1.57 %
33.07 0.94 %
32.94 0.55 %
Current price: 32.76
Support 32.53 -0.71 %
32.40 -1.10 %
32.19 -1.73 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 34.86 6.41 %
33.68 2.81 %
33.09 1.01 %
Current price 32.76
Support 31.40 -4.17%
29.90 -8.73%
29.86 -8.85%

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About AudioCodes Ltd.

AudioCodes Ltd AudioCodes Ltd. designs, develops, and sells Voice over IP (VoIP), converged VoIP, and data networking products and applications for contact centers, service provider business services, enterprises, mobile VoIPs, and cloud virtualized data centers worldwide. It deploys its products through broadband, mobile, cable, and enterprise networks. The company’s products include chips, boards, subsystems, media and residential gateway systems, media serv... Read more

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