TECSYS Inc. Stock Forecast
TECSYS Inc. stock price ended at $37.51 on Thursday, after gaining 0.133%.
(Updated on Apr 25, 2024)
The TECSYS Inc. stock price gained 0.133% on the last trading day (Thursday, 25th Apr 2024), rising from $37.46 to $37.51. During the last trading day the stock fluctuated 4.27% from a day low at $37.47 to a day high of $39.07. The price has risen in 6 of the last 10 days but is still down by -1.45% for this period. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $106.27 thousand. 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.
Given the current short-term trend, the stock is expected to rise 11.80% during the next 3 months and, with a 90% probability hold a price between $41.94 and $46.99 at the end of this 3-month period.
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TCS.TO Signals & Forecast
There are few to no technical positive signals at the moment. The TECSYS Inc. 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 $37.79 and $38.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -7.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for TECSYS Inc. stock
TECSYS Inc. finds support from accumulated volume at $37.14 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $1.60 between high and low, or 4.27%. For the last week the stock has had daily average volatility of 4.21%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCS.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect TECSYS Inc. to open at $38.02, and during the day (based on 14 day Average True Range), to move between $36.33 and $38.69, which gives a possible trading interval of +/-$1.18 (+/-3.14%) up or down from last closing price. If TECSYS Inc. takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.14 (0.99%) than the resistance at $38.00 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TECSYS Inc. stock A Buy?
The TECSYS Inc. stock holds several negative signals and despite the positive trend, we believe TECSYS Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.001 Sell Candidate Unchanged
Predicted Opening Price for TECSYS Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $38.02 ( 1.35%) | $37.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCS.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.62 | 5.62 % | |
| R2 | 39.01 | 3.99 % | ||
| R1 | 38.63 | 2.98 % | ||
| Current price: | 37.51 | |||
| Support | S1 | 37.41 | -0.279 % | |
| S2 | 37.03 | -1.29 % | ||
| S3 | 36.42 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.93 | 3.79 % | |
| R2 | 38.87 | 3.63 % | ||
| R1 | 38.00 | 1.31 % | ||
| Current price | 37.51 | |||
| Support | S1 | 37.14 | -0.99% | |
| S2 | 35.74 | -4.72% | ||
| S3 | 35.36 | -5.73% |
TCS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 20, 2024 | Apr 11, 2024 | $0.0800 | 0.210% |
| 2 | Nov 30, 2023 | Dec 13, 2023 | Jan 05, 2024 | $0.0800 | 0.256% |
| 3 | Sep 07, 2023 | Sep 21, 2023 | Oct 06, 2023 | $0.0750 | 0.268% |
| 4 | Jun 29, 2023 | Jul 13, 2023 | Aug 04, 2023 | $0.0750 | 0.282% |
| 5 | Mar 01, 2023 | Mar 22, 2023 | Apr 13, 2023 | $0.0750 | 0.286% |
FAQ
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