Agilysys Stock Forecast
Agilysys stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Agilysys stock price gained 0.437% on the last trading day (Tuesday, 23rd Apr 2024), rising from $83.51 to $83.88. 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 4.17% from a day low at $82.24 to a day high of $85.67. The price has risen in 6 of the last 10 days but is still down by -0.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 153 thousand shares were bought and sold for approximately $12.81 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $83.87, a level that may pose a second chance to hit a runner. According to fan-theory $94.84 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AGYS Signals & Forecast
The Agilysys stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $82.53 and $80.33. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Agilysys stock
Agilysys finds support from accumulated volume at $82.54 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 $3.43 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: $80.56 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (AGYS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Agilysys to open at $83.93, and during the day (based on 14 day Average True Range), to move between $81.69 and $86.06, which gives a possible trading interval of +/-$2.19 (+/-2.61%) up or down from last closing price. If Agilysys takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $82.54 (1.59%) than the resistance at $85.25 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agilysys stock A Buy?
Agilysys holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.333 Hold/Accumulate Upgraded
Predicted Opening Price for Agilysys of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $83.93 ( 0.0636%) | $83.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGYS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.36 | 4.15 % | |
| R2 | 86.05 | 2.59 % | ||
| R1 | 85.24 | 1.63 % | ||
| Current price: | 83.88 | |||
| Support | S1 | 82.62 | -1.50 % | |
| S2 | 81.81 | -2.46 % | ||
| S3 | 80.50 | -4.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.36 | 5.35 % | |
| R2 | 85.72 | 2.20 % | ||
| R1 | 85.25 | 1.64 % | ||
| Current price | 83.88 | |||
| Support | S1 | 82.54 | -1.59% | |
| S2 | 82.39 | -1.77% | ||
| S3 | 78.98 | -5.84% |
AGYS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2009 | Jul 16, 2009 | Aug 03, 2009 | $0.0300 | 0.595% |
| 2 | Apr 10, 2009 | Apr 14, 2009 | May 01, 2009 | $0.0300 | 0.441% |
| 3 | Jan 15, 2009 | Jan 16, 2009 | Feb 01, 2009 | $0.0300 | 0.84% |
| 4 | Oct 03, 2008 | Oct 09, 2008 | Nov 01, 2008 | $0.0300 | 0.746% |
| 5 | Jul 02, 2008 | Jul 11, 2008 | Aug 01, 2008 | $0.0300 | 0.256% |
FAQ
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