Amdocs Limited Stock Forecast
Green day on Wednesday for Amdocs Limited
(Updated on Mar 27, 2024)
The Amdocs Limited stock price gained 0.0445% on the last trading day (Wednesday, 27th Mar 2024), rising from $89.86 to $89.90. During the last trading day the stock fluctuated 1.03% from a day low at $89.45 to a day high of $90.37. The price has been going up and down for this period, and there has been a -3.92% loss for the last 2 weeks. Volume fell on the last day by -69 thousand shares and in total, 453 thousand shares were bought and sold for approximately $40.73 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $89.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.44% during the next 3 months and, with a 90% probability hold a price between $91.17 and $97.41 at the end of this 3-month period.
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DOX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.357%. Further rise is indicated until a new top pivot has been found. 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. 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 $90.96 and $91.22. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Amdocs Limited stock
Amdocs Limited finds support from accumulated volume at $89.62 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 $0.92 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $84.73 (-5.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (DOX) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Amdocs Limited to open at $89.91, and during the day (based on 14 day Average True Range), to move between $88.55 and $91.25, which gives a possible trading interval of +/-$1.35 (+/-1.50%) up or down from last closing price. If Amdocs Limited takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $89.62 (0.31%) than the resistance at $91.21 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amdocs Limited stock A Buy?
Amdocs Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.993 Hold/Accumulate Unchanged
Predicted Opening Price for Amdocs Limited of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$89.91 ( 0.0074%) | $89.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 90.83 | 1.03 % | |
R2 | 90.48 | 0.640 % | ||
R1 | 90.26 | 0.398 % | ||
Current price: | 89.90 | |||
Support | S1 | 89.56 | -0.384 % | |
S2 | 89.34 | -0.625 % | ||
S3 | 88.99 | -1.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 92.44 | 2.83 % | |
R2 | 92.20 | 2.56 % | ||
R1 | 91.21 | 1.46 % | ||
Current price | 89.90 | |||
Support | S1 | 89.62 | -0.311% | |
S2 | 89.50 | -0.445% | ||
S3 | 87.89 | -2.24% |
DOX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.479 | 0.533% |
2 | Nov 07, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.435 | 0.472% |
3 | Aug 02, 2023 | Sep 28, 2023 | Oct 27, 2023 | $0.435 | 0.553% |
4 | May 10, 2023 | Jun 29, 2023 | Jul 28, 2023 | $0.435 | 0.464% |
5 | Jan 31, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.435 | 0.477% |
FAQ
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