Tyler Technologies Inc Stock Forecast
Tyler Technologies Inc stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Tyler Technologies Inc stock price gained 0.583% on the last trading day (Friday, 26th Apr 2024), rising from $458.07 to $460.74. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.10% from a day low at $456.19 to a day high of $465.78. The price has risen in 8 of the last 10 days and is up by 11.46% over the past 2 weeks. Volume fell on the last day by -227 thousand shares and in total, 273 thousand shares were bought and sold for approximately $125.88 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.
Given the current short-term trend, the stock is expected to fall -4.67% during the next 3 months and, with a 90% probability hold a price between $377.78 and $439.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TYL Signals & Forecast
Mostly positive signals in the chart today. The Tyler Technologies Inc 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 $424.85 and $418.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Tyler Technologies Inc stock
Tyler Technologies Inc finds support from accumulated volume at $458.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $9.59 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.92%.
Since the Tyler Technologies Inc has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $446.73 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (TYL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Tyler Technologies Inc to open at $460.90, and during the day (based on 14 day Average True Range), to move between $450.48 and $471.00, which gives a possible trading interval of +/-$10.26 (+/-2.23%) up or down from last closing price. If Tyler Technologies Inc takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $458.07, some $2.67 (0.58%) from the current price of $460.74, our system finds the risk reward attractive.
Is Tyler Technologies Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 3.918 Buy Candidate Upgraded
Predicted Opening Price for Tyler Technologies Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $460.90 ( 0.0356%) | $460.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TYL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 470.49 | 2.12 % | |
| R2 | 466.83 | 1.32 % | ||
| R1 | 464.57 | 0.83 % | ||
| Current price: | 460.74 | |||
| Support | S1 | 457.24 | -0.760 % | |
| S2 | 454.98 | -1.25 % | ||
| S3 | 451.31 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 460.74 | |||
| Support | S1 | 458.07 | -0.580% | |
| S2 | 441.11 | -4.26% | ||
| S3 | 416.31 | -9.64% |
TYL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 1990 | Jan 31, 1990 | Feb 20, 1990 | $0.0067 | 0.239% |
| 2 | Oct 30, 1989 | Nov 02, 1989 | Nov 20, 1989 | $0.0067 | 0.390% |
| 3 | Apr 21, 1989 | Apr 26, 1989 | May 15, 1989 | $0.0050 | 0.167% |
| 4 | Jan 30, 1989 | Feb 01, 1989 | Feb 21, 1989 | $0.0050 | 0.218% |
| 5 | Oct 31, 1988 | Nov 03, 1988 | Nov 21, 1988 | $0.0050 | 0.245% |
FAQ
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