Agilysys Stock Forecast
Agilysys stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 15, 2024)
The Agilysys stock price gained 0.498% on the last trading day (Monday, 15th Apr 2024), rising from $82.39 to $82.80. During the last trading day the stock fluctuated 1.46% from a day low at $82.17 to a day high of $83.37. The price has risen in 6 of the last 10 days but is still down by -2.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 148 thousand shares were bought and sold for approximately $12.24 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.09% during the next 3 months and, with a 90% probability hold a price between $70.28 and $85.14 at the end of this 3-month period.
AGYS Signals & Forecast
The Agilysys stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $82.82. On a fall, the stock will find some support from the long-term average at approximately $79.67. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -2.42%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Agilysys stock
Agilysys finds support from accumulated volume at $82.54 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 $1.20 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $79.32 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AGYS) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Agilysys to open at $82.78, and during the day (based on 14 day Average True Range), to move between $80.63 and $84.97, which gives a possible trading interval of +/-$2.17 (+/-2.62%) up or down from last closing price. If Agilysys takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $82.54 (0.31%) than the resistance at $85.25 (2.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agilysys 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: 1.747 Buy Candidate Upgraded
Predicted Opening Price for Agilysys of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $82.78 ( 0.0242%) | $82.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGYS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.98 | 1.43 % | |
| R2 | 83.52 | 0.87 % | ||
| R1 | 83.24 | 0.529 % | ||
| Current price: | 82.80 | |||
| Support | S1 | 82.32 | -0.578 % | |
| S2 | 82.04 | -0.92 % | ||
| S3 | 81.58 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.79 | 4.82 % | |
| R2 | 86.71 | 4.72 % | ||
| R1 | 85.25 | 2.96 % | ||
| Current price | 82.80 | |||
| Support | S1 | 82.54 | -0.314% | |
| S2 | 78.98 | -4.61% | ||
| S3 | 78.83 | -4.79% |
AGYS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2009 | Jul 16, 2009 | Aug 03, 2009 | $0.0300 | 0.595% |
| 2 | Apr 10, 2009 | Apr 14, 2009 | May 01, 2009 | $0.0300 | 0.441% |
| 3 | Jan 15, 2009 | Jan 16, 2009 | Feb 01, 2009 | $0.0300 | 0.84% |
| 4 | Oct 03, 2008 | Oct 09, 2008 | Nov 01, 2008 | $0.0300 | 0.746% |
| 5 | Jul 02, 2008 | Jul 11, 2008 | Aug 01, 2008 | $0.0300 | 0.256% |
FAQ
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