AMDOCS LTD (DOX) Stock Technical Analysis
NASDAQ:DOX - Nasdaq - GB0022569080 - Common Stock - Currency: USD
Taking everything into account, DOX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DOX is showing a nice and steady performance.
Besides having an excellent technical rating, DOX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 92.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.42, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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We found 4 important support areas.
- A support zone ranging from 87.01 to 88.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @84.34 from a trend line in the weekly time frame.
- A support zone ranging from 82.21 to 82.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.46 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 92.17 to 92.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DOX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DOX is up. |
| ChartMill Relative Strength | 80.82 | POSITIVE | DOX has a high relative strength, it outperformed 80.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DOX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DOX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DOX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.84 | NEUTRAL | The RSI value for DOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DOX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.33 | NEUTRAL | The Stochastics value for DOX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for DOX suggests low volalility. |
| Average Directional Index/ADX (14) | 30.18 | POSITIVE | The high ADX value value for DOX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 92.87 | 89.65 | 3.22 (3.47%) | 25.00% |
| An entry @92.87. This is a Buy Stop order right above the resistance zone. | An exit @89.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.22 points, which is 3.47%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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-0.26 (-0.28%)