Friday June 14, 2019 Change 0.76% Price $61.29
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will DOX stock price go up or down on Mon, 17 Jun 2019?

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Amdocs Limited Forecast and Stock Analysis

Technical DOX stock analysis for Friday June 14, 2019.

Buy candidate since 2019-06-14


Amdocs Limited gained 0.76% in the last trading day ( Friday, 14th Jun 2019 ), rising from $60.83 to $61.29 During day the stock fluctuated 1.14% from a day low at $60.71 to a day high of $61.40. The price has risen in 7 of the last 10 days and is up by 3.15% over the past 2 weeks. Volume fell in the last day by -35 604 shares, and in total, 461 537 shares bought and sold for approximately $28.29 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the DOX stock price was $61.96 and low was $55.00.
  • 90 day high was $61.96 and low was $52.99.
  • 52 week high for the Amdocs Limited - $70.31 and low - $52.60.

Trend

Amdocs Limited lies in the middle of a wide and strong 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 15% during the next 3 months and, with 90% probability hold a price between $64.78 and $72.65 at the end of this period.

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Signals

Amdocs Limited holds buy signals from both short- and long-term moving averages. In addition, 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 $61.06 and $58.27. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. 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 Friday June 07, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Amdocs Limited finds support from accumulated volume at $60.83.

Support: $60.83 Price: $61.29 Resistance: $61.42

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.69 (1.14%) between high and low. For the last week, the stock has had a daily average volatility of 1.24%.

Our recommended stoploss: $59.12 (-3.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 5 days ago.)

1.24 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate Upgraded
Weaker Buy Today DOX ranks #390 as BUY CANDIDATE #390 Stronger Buy

Will DOX stock price go up or down on Mon, 17 Jun 2019?

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