Tyler Technologies Inc Stock Forecast
Stronger technical forecast for Tyler Technologies Inc stock price after Friday trading.
(Updated on Apr 19, 2024)
The Tyler Technologies Inc stock price gained 0.0993% on the last trading day (Friday, 19th Apr 2024), rising from $402.95 to $403.35. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.01% from a day low at $400.54 to a day high of $404.60. The price has risen in 7 of the last 10 days but is still down by -2.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 92 thousand more shares were traded than the day before. In total, 277 thousand shares were bought and sold for approximately $111.64 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.06% during the next 3 months and, with a 90% probability hold a price between $369.59 and $393.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TYL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tyler Technologies Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $405.04 and $417.74. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tyler Technologies Inc stock
Tyler Technologies Inc finds support from accumulated volume at $402.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.06 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: $379.36 (-5.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (TYL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tyler Technologies Inc to open at $402.83, and during the day (based on 14 day Average True Range), to move between $395.90 and $410.80, which gives a possible trading interval of +/-$7.45 (+/-1.85%) up or down from last closing price. If Tyler Technologies Inc takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $402.95 (0.10%) than the resistance at $416.31 (3.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Tyler Technologies Inc will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.03. We will update the financials statements for Tyler Technologies Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.71% in the first trading day after earnings release.
Is Tyler Technologies Inc stock A Buy?
Tyler Technologies Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.328 Hold/Accumulate Upgraded
Predicted Opening Price for Tyler Technologies Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $402.83 ( 0.129%) | $403.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TYL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 406.89 | 0.88 % | |
| R2 | 405.34 | 0.493 % | ||
| R1 | 404.38 | 0.256 % | ||
| Current price: | 403.35 | |||
| Support | S1 | 401.28 | -0.513 % | |
| S2 | 400.32 | -0.751 % | ||
| S3 | 398.77 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 441.11 | 9.36 % | |
| R2 | 428.82 | 6.31 % | ||
| R1 | 416.31 | 3.21 % | ||
| Current price | 403.35 | |||
| Support | S1 | 402.95 | -0.0992% | |
| S2 | 402.84 | -0.126% | ||
| S3 | 399.22 | -1.02% |
TYL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 1990 | Jan 31, 1990 | Feb 20, 1990 | $0.0067 | 0.239% |
| 2 | Oct 30, 1989 | Nov 02, 1989 | Nov 20, 1989 | $0.0067 | 0.390% |
| 3 | Apr 21, 1989 | Apr 26, 1989 | May 15, 1989 | $0.0050 | 0.167% |
| 4 | Jan 30, 1989 | Feb 01, 1989 | Feb 21, 1989 | $0.0050 | 0.218% |
| 5 | Oct 31, 1988 | Nov 03, 1988 | Nov 21, 1988 | $0.0050 | 0.245% |
FAQ
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