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INFY - Infosys Limited

Industry: Technical & System Software Sector: Technology Exchange: NYSE

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 3.14%
PRICE $18.73
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Infosys Limited Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-15

Infosys Limited gained 3.14% in the last trading day, rising from $18.16 to $18.73 The price has risen in 6 of the last 10 days and is up by 2.41% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.13 million more shares were traded than the day before. In total, 5.64 million shares bought and sold for approximately $0.00.

Shorts 16.44% ( 2018-05-31 )
Cash 427 898.1 mill
Loans n/a
Beta 0.64
ROA 19.02

Trend

Infosys Limited lies in the upper part of a wide and weak rising 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 $19.04 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 4.62% during the next 3 months and, with 90% probability hold a price between $18.00 and $19.92 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Infosys 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 $18.68 and $17.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday June 14, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Tuesday May 22, 2018 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 56 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 $18.24.

Support: $18.24 Price: $18.73 Resistance: $18.74

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 $0.21 (1.13%) between high and low. For the last week, the stock has had a daily average volatility of 1.40%.

Our recommended stoploss: $17.79 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Infosys Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

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