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$103.80 (0.0482%)

Volume: 3.015M

Closed: Sep 26, 2022

Hollow Logo Score: 2.482

Citrix Systems Stock Forecast

$103.80 (0.0482%)

Volume: 3.015M

Closed: Sep 26, 2022

Score Hollow Logo 2.482
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] The Citrix Systems stock holds an RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
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Stronger technical forecast for Citrix Systems stock price after Monday trading.
(Updated on Sep 26, 2022)

Buy or Hold candidate since 2022-08-30 Gain 1.18% PDF

The Citrix Systems stock price gained 0.0482% on the last trading day (Monday, 26th Sep 2022), rising from $103.75 to $103.80. During the last trading day the stock fluctuated 0.14% from a day low at $103.74 to a day high of $103.89. The price has risen in 5 of the last 10 days and is up by 0.13% 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, 567 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $312.97 million.

The stock lies in the middle of a narrow 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 5.21% during the next 3 months and, with a 90% probability hold a price between $106.55 and $110.66 at the end of this 3-month period.

Signals & Forecast

The Citrix Systems 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 $103.73 and $103.12. 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 is rising along with the price. This is considered to be a good technical signal. 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 Thursday, September 22, 2022, and so far it has fallen -0.0096%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Citrix Systems finds support from accumulated volume at $103.75 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 $0.15 between high and low, or 0.14%. For the last week the stock has had daily average volatility of 0.16%.

Our recommended stop-loss: $100.27 (-3.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Citrix Systems to open at $103.81, and during the day (based on 14 day Average True Range), to move between $103.42 and $104.18, which gives a possible trading interval of +/-$0.38 (+/-0.37%) up or down from last closing price. If Citrix Systems takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $103.81 (0.01%) than the support at $103.75 (0.05%), 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 Citrix Systems 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 Citrix Systems stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.482

Buy Candidate Upgraded

Predicted Opening Price for Citrix Systems of Tuesday, September 27, 2022

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

Fair opening price September 27, 2022 Current price
$103.81 $103.80 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 103.96 0.15 %
103.90 0.0984 %
103.87 0.0647 %
Current price: 103.80
Support 103.75 -0.0442 %
103.72 -0.0778 %
103.66 -0.13 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
103.81 0.0096 %
Current price 103.80
Support 103.75 -0.0482%
103.53 -0.26%
102.77 -0.99%

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About Citrix Systems

Citrix Systems Citrix Systems, Inc., an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal... CTXS Profile

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