Sylogist Ltd. Stock Forecast
Sylogist Ltd. stock price up 0.230% on Wednesday
(Updated on Mar 27, 2024)
The Sylogist Ltd. stock price gained 0.230% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.68 to $8.70. During the last trading day the stock fluctuated 2.82% from a day low at $8.50 to a day high of $8.74. The price has fallen in 5 of the last 10 days and is down by -3.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $140.50 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.63 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 23.67% during the next 3 months and, with a 90% probability hold a price between $10.67 and $12.40 at the end of this 3-month period.
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SYZ.TO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sylogist Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sylogist 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 $8.71. On a fall, the stock will find some support from the short-term average at $8.67. 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. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -5.64%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sylogist Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.15 and $8.12. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sylogist Ltd. finds support just below today's level at $8.15. If this is broken, then the next support from accumulated volume will be at $8.12 and $7.72.
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 $0.240 between high and low, or 2.82%. For the last week the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SYZ.TO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Sylogist Ltd. to open at $8.65, and during the day (based on 14 day Average True Range), to move between $8.47 and $8.93, which gives a possible trading interval of +/-$0.229 (+/-2.63%) up or down from last closing price. If Sylogist Ltd. takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.00 (3.45%) than the support at $8.15 (6.32%), 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 Sylogist Ltd. stock A Buy?
Sylogist Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.187 Sell Candidate Unchanged
Predicted Opening Price for Sylogist Ltd. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$8.65 ( 0.613%) | $8.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYZ.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.89 | 2.15 % | |
R2 | 8.79 | 1.09 % | ||
R1 | 8.74 | 0.441 % | ||
Current price: | 8.70 | |||
Support | S1 | 8.55 | -1.67 % | |
S2 | 8.50 | -2.32 % | ||
S3 | 8.41 | -3.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.22 | 5.98 % | |
R2 | 9.20 | 5.75 % | ||
R1 | 9.00 | 3.45 % | ||
Current price | 8.70 | |||
Support | S1 | 8.15 | -6.32% | |
S2 | 8.12 | -6.67% | ||
S3 | 7.72 | -11.26% |
SYZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
2 | Nov 09, 2023 | Nov 29, 2023 | Dec 13, 2023 | $0.0100 | 0.153% |
3 | Aug 10, 2023 | Aug 30, 2023 | Sep 13, 2023 | $0.0100 | 0.129% |
4 | May 30, 2023 | May 30, 2023 | Jun 14, 2023 | $0.0100 | 0.140% |
5 | Feb 27, 2023 | Feb 27, 2023 | Mar 15, 2023 | $0.0100 | 0.195% |
FAQ
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