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$70.31 (-3.06%)

Volume: 453k

Closed: Nov 26, 2021

Hollow Logo Score: -1.955

Amdocs Limited Stock Forecast

$70.31 (-3.06%)

Volume: 453k

Closed: Nov 26, 2021

Score Hollow Logo -1.955
Which way will DOX go? Request
Key Stats
P/E Ratio 13.22
Beta 0.78
Trailing Dividend Rate 1.99% ($1.40)
Next Dividend Date Dec 30, 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 ] The Amdocs Limited stock currently holds an RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Weaker technical forecast for Amdocs Limited as stock downgraded to Sell Candidate.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Amdocs Limited stock price fell by -3.06% on the last day (Friday, 26th Nov 2021) from $72.53 to $70.31. During the day the stock fluctuated 2.44% from a day low at $70.10 to a day high of $71.81. The price has fallen in 7 of the last 10 days and is down by -6.55% for this period. 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 -252 thousand shares and in total, 453 thousand shares were bought and sold for approximately $31.86 million.

Given the current short-term trend, the stock is expected to fall -4.61% during the next 3 months and, with a 90% probability hold a price between $67.07 and $76.02 at the end of this 3-month period.

Signals & Forecast

Furthermore, there is a buy signal from the 3 month 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 Amdocs Limited stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $72.42 and $76.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 22, 2021, and so far it has fallen -13.37%. Further fall is indicated until a new bottom pivot has been found. 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.71 (2.44%) between high and low. For the last week, the stock has had a daily average volatility of 1.73%.

Amdocs Limited is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Amdocs Limited stock A Buy?

Amdocs Limited 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 Hold/Accumulate to a Sell candidate.

Current score: -1.955

Predicted Opening Price for Amdocs Limited of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$70.74 $70.31 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Aug 05, 2021 "Oppenheimer" gave "$84.00 - $99.00" rating for DOX. The price target was changed from $75.13 to 1.5%.

Volatility and Risk
Daily Average Volatility: 1.73 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.73 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $73.89
Price: $70.31
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 72.45 3.04 %
71.80 2.11 %
71.39 1.54 %
Current price: 70.31
Support 70.09 -0.32 %
69.68 -0.89 %
69.03 -1.82 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 78.10 11.08 %
74.14 5.45 %
73.89 5.09 %
Current price 70.31
Support 0 .
0 .
0 .

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About Amdocs Limited

Amdocs Limited Amdocs Limited, through its subsidiaries, provides software products and services for communications, entertainment, and media industry service providers worldwide. The company offers revenue and customer management products to manage the customer and business-to-business experience; and personalize interactions in various interaction channels. It also provides operational support systems for fixed line, broadband, wireless, and cable TV networks... Read more

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