Previous Hold Today INFY ranks #1112 as HOLD CANDIDATE. Next Hold
Today INFY ranks #1112 as HOLD CANDIDATE.

INFY stock Infosys Limited

INFY stock
Infosys Limited

Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE -0.31%
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
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Infosys Limited Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Hold candidate since 2018-12-12
Shorts 7.93% ( 2018-11-15 )
Cash 3 615.0 mill
Loans n/a
Beta 0.43
ROA 19.99

Infosys Limited fell by -0.31% in the last day from $9.69 to $9.66 The price has fallen in 6 of the last 10 days , but is still up by 4.21% 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 -2.49 million shares and in total 5.45 million shares bought and sold for approximately $52.67 million.

Trend

Infosys Limited lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $9.82 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.69% during the next 3 months and, with 90% probability hold a price between $7.91 and $9.07 at the end of this period.

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Signals

Infosys 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 $9.74. On a fall, the stock will find some support from the long-term average at approximately $9.41. 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. A buy signal was issued from a pivot bottom point on Monday December 10, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double bottom formation was found on Monday December 03, 2018 with a target of $9.69. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Infosys Limited finds support from accumulated volume at $9.54.

Support: $9.54 Price: $9.66 Resistance: $9.74

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 $0.16 (1.66%) between high and low. For the last week, the stock has had a daily average volatility of 1.95%.

Our recommended stoploss: $9.11 (-5.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Infosys 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 for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today INFY ranks #1112 as HOLD CANDIDATE. Next Hold
Today INFY ranks #1112 as HOLD CANDIDATE.