Tyler Technologies Inc Stock Forecast
On Thursday, Tyler Technologies Inc stock price gained an impressive 9.32%
(Updated on Apr 25, 2024)
The Tyler Technologies Inc stock price gained 9.32% on the last trading day (Thursday, 25th Apr 2024), rising from $419.00 to $458.07. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 6.85% from a day low at $435.03 to a day high of $464.81. The price has risen in 8 of the last 10 days and is up by 10.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 201 thousand more shares were traded than the day before. In total, 500 thousand shares were bought and sold for approximately $228.96 million.
Given the current short-term trend, the stock is expected to fall -5.46% during the next 3 months and, with a 90% probability hold a price between $374.60 and $433.06 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
The Tyler Technologies Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $416.58 and $417.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Tyler Technologies Inc stock
Tyler Technologies Inc finds support from accumulated volume at $441.11 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 $29.78 between high and low, or 6.85%. For the last week the stock has had daily average volatility of 2.70%.
Since the Tyler Technologies Inc has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $441.85 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (TYL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Tyler Technologies Inc to open at $452.64, and during the day (based on 14 day Average True Range), to move between $447.76 and $468.38, which gives a possible trading interval of +/-$10.31 (+/-2.25%) up or down from last closing price. If Tyler Technologies Inc takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $441.11, some $16.96 (3.70%) from the current price of $458.07, our system finds the risk reward attractive.
Is Tyler Technologies Inc stock A Buy?
Tyler Technologies Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tyler Technologies Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $452.64 ( 1.19%) | $458.07 |
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 | 482.42 | 5.32 % | |
| R2 | 471.04 | 2.83 % | ||
| R1 | 464.01 | 1.30 % | ||
| Current price: | 458.07 | |||
| Support | S1 | 441.26 | -3.67 % | |
| S2 | 434.23 | -5.20 % | ||
| S3 | 422.86 | -7.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 458.07 | |||
| Support | S1 | 441.11 | -3.70% | |
| S2 | 428.82 | -6.39% | ||
| S3 | 416.31 | -9.12% |
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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