INFY - Infosys Limited

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

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE -1.07%
PRICE $10.14
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Infosys Limited Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-09-12 Loss -3.89%
Shorts 15.50% ( 2018-08-31 )
Cash 422 695.0 mill
Loans n/a
Beta 0.58
ROA 18.33

Infosys Limited fell by -1.07% in the last day from $10.25 to $10.14 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days and is down by -51.16% for this period. 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 -0.60 million shares and in total 6.66 million shares bought and sold for approximately $67.51 million.

Trend

Given the current short-term trend, the stock is expected to fall -9.65% during the next 3 months and, with 90% probability hold a price between $9.16 and $18.39 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Infosys Limited holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $13.36 and $19.18. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 17, 2018, 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.

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Relative Strength Index (RSI)

RSI14 is 7 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $10.14 Resistance: $10.25

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.10 between high and low, or 0.99%. For the last week, the stock has had a daily average volatility of 1.45%.

Infosys Limited is overbought on RSI14 (7). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Infosys Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Strong Sell Candidate

Click for Top 5 Strong Sell Candidates
INFY $10.14 $-0.11(-1.07%)
INFY is down $0.11 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for INFY based on the 1-3 month system that more than doubles the S&P 500.

Click here – the INFY analysis is free »
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