Both opportunity and risk assessments can be drawn from looking at the price action in Agilysys (NASDAQ: AGYS). This is a practice commonly referred to as reading the charts. The summary data for AGYS below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Weak | Strong |
P1 | 0 | 0 | 44.13 |
P2 | 50.13 | 47.95 | 51.65 |
P3 | 52.15 | 51.18 | 60.42 |
Long Term Trading Plans for AGYS
April 11, 2021, 3:15 pm ET
The Technical Summary and Trading Plans for AGYS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AGYS Report.
AGYS - (Long) Support Plan
The technical summary data tells us to buy AGYS near 44.13 with an upside target of 51.65. This data also tells us to set a stop loss @ 44 to protect against excessive loss in case the stock begins to move against the trade. 44.13 is the first level of support below 50.42 , and by rule, any test of support is a buy signal. In this case, support 44.13 would be being tested, so a buy signal would exist.
AGYS - (Short) Resistance Plan
The technical summary data is suggesting a short of AGYS as it gets near 51.65 with a downside target of 44.13. We should have a stop loss in place at 51.8though. 51.65 is the first level of resistance above 50.42, and by rule, any test of resistance is a short signal. In this case, if resistance 51.65 is being tested, so a short signal would exist.