Agilysys $AGYS Technical Update – Stock Traders Daily

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Agilysys $AGYS Technical Update

The Agilysys (NASDAQ: AGYS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AGYS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 15.60 14.80 14.89
P2 16.04 15.90 16.83
P3 16.46 16.87 18.75

Long Term Trading Plans for AGYS

October 4, 2018, 8:15 am 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

Buy over 14.89 target 16.83 stop loss @ 14.63.
The technical summary data tells us to buy AGYS near 14.89 with an upside target of 16.83. This data also tells us to set a stop loss @ 14.63 to protect against excessive loss in case the stock begins to move against the trade. 14.89 is the first level of support below 16.1 , and by rule, any test of support is a buy signal. In this case, support 14.89 would be being tested, so a buy signal would exist.

AGYS – (Short) Resistance Plan

Short under 16.83 target 14.89 stop loss @ 17.09.
The technical summary data is suggesting a short of AGYS as it gets near 16.83 with a downside target of 14.89. We should have a stop loss in place at 17.09 though. 16.83 is the first level of resistance above 16.1, and by rule, any test of resistance is a short signal. In this case, if resistance 16.83 is being tested, so a short signal would exist.

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