Latest News HighLights
TYL Stock Price Surged by 7.37%, Will This Upward Move Continue?
Tyler Technologies, Inc. (NYSE: TYL) is a software provider company. It deals in sales of integrated technology and software services to its consumers. The company offers services such as Software licenses, Subscriptions, Software service & maintenance, and Software installation. The Tyler Technologies price prediction is bullish in the upcoming months as long as the price is sustained above the $393.98 level. The company stock shows promising growth in its share values in the future. The TYL price has been in an uptrend since the start of 2023. It has gained 37.86% since then. The ongoing uptrend was supported by the high buying volume. It shows that the bulls were highly active from the start of the year. The TYL uptrend got interrupted at the $426.95 level, which is a strong seller zone as in the previous time a strong fall in price was seen from here. The sellers got active at the $426.95 resistance zone and made the price fall from there. Luckily the buyers were present at the $362.75 level, which stopped the price from falling further. In the wider outlook of the TYL chart, it seems that the price has given the breakout of the falling wedge pattern supported by high buying volume. It denotes that some big investors invested in the stock when its share price got lower and are expecting good returns in the upcoming month. The TYL stock price has registered a gain of 7.37% in the last two trading sessions and is currently trading at $416.25. The TYL price has reclaimed the 50-day and 100-day EMAs with a strong buying volume and is currently trading above them. It shows bulls’ dominance over the price in the current scenario. However, the price is trading a bit far from the EMA lines. It denotes that a minor retracement or a narrow consolidation can be seen in the upcoming trading session until one of them has reached the other. The relative strength index is at 69.16 and is high buying pressure, which is making it move toward the overbought territory. It indicates that a pullback could be seen in the upcoming trading session. The TYL chart shows that a pullback can be seen in the upcoming trading session. However, the ongoing uptrend seems reliable as it was supported by high buying pressure, which makes it well-grounded to hold the upper levels. A breakout of the 426.95 level may trigger the next phase of the bull run and could reach its next resistance at $453.16. On the lower levels, the breakdown of the $393.93 level may cause a panic selling situation among the buyers. After that, the price may reach its next support at $362.75. If the price also breaks below this level, it may fall to its next support at $340.00. The future price prediction of the TYL stock is bullish at the time of writing. However, a small pullback can be seen in the upcoming trading sessions till the $393.93 level. If the buyers defend this level, a strong upward move is expected in the upcoming months. Resistance Levels: $426.95 and $453.16 Support Levels $393.93, $362.75, and $340.00 The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing or trading in crypto comes with a risk of financial loss.
Publish Date : 2023-11-09 17:01:00
Image and News Source : themarketperiodical
