DOX Forecast and Technical Stock Analysis
Hold candidate since 2019-11-21 PDF
Amdocs Limited fell by -0.12% in the last day ( Thursday, 21st Nov 2019 ) from $68.44 to $68.35 and has now fallen 4 days in a row. During the day the stock fluctuated 0.60% from a day low at $68.05 to a day high of $68.46. The price has risen in 6 of the last 10 days and is up by 2.78% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -47 275 shares and in total 488 399 shares bought and sold for approximately $33.38 million.
- 30 day high of the DOX stock price was $69.50 and low was $64.25.
- 90 day high was $69.50 and low was $63.60.
- 52 week high for Amdocs Limited - $69.50 and low - $52.60.
Amdocs Limited lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with 90% probability hold a price between $67.91 and $72.29 at the end of this period.
Amdocs Limited holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $68.63. On a fall, the stock will find some support from the long-term average at approximately $66.41. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday November 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amdocs Limited finds support from accumulated volume at $68.32.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.41 (0.60%) between high and low. For the last week, the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: $65.45 (-4.24%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from pivot top found 3 day(s) ago.)
1.35 %Average volatility
Very Low Low Medium High Very High
Amdocs Limited holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|DOX $68.35 ($-0.09 -0.12%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!