INFY Price Prediction Next Week
Technical Analysis: Based on recent price action, INFY is showing bearish momentum with RSI at 41.15 indicating a neutral-bearish sentiment. The MACD indicator shows a negative value of -0.13 with a bearish crossover, suggesting downward pressure.
Price Levels:
- Current Price: $21.84
- Key Resistance: $22.30 (Fibonacci R1)
- Key Support: $21.61 (Fibonacci S1)
- Secondary Support: $21.39 (Fibonacci S2)
News Impact: Recent news shows mixed sentiment:
- Positive: Establishment of seven Digital Learning Centers in Ukraine
- Neutral to Positive: Potential benefits from DeepSeek-R1 AI model development, which could lower AI implementation costs
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Target Price Range: $21.39 - $22.30
- Most Likely Scenario: Price consolidation around $21.75
Trading Recommendation: SELL with the following parameters:
- Entry: Current market price ($21.84)
- Stop Loss: $22.35 (above Fibonacci R1)
- Take Profit: $21.39 (Fibonacci S2)
Rationale:
- Bearish technical indicators (RSI, MACD)
- Price trading below key moving averages
- Bollinger Band Position (BBP) at 0.39 suggests potential downside
INFY Similar Chart Price Prediction
The price of INFY is predicted to go up -25.67%, based on the high correlation periods with SOBR. The similarity of these two price pattern on the periods is 94.66%.
INFY
SOBR
Down: -25.67%Similarity: 94.66%
INFY Revenue Forecast
INFY EPS Forecast
INFY FAQs
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INFY VS S&P500
Infosys should benefit from greater margin expansion than expected in our base case as more automated tech solutions decrease the variable costs associated with each incremental sale.
Infosys should profit from a wave of demand for more flexible IT infrastructures following the COVID-19 pandemic, as more companies seek to be prepared with the onset of similar events.
As the European market becomes more comfortable with outsourcing its IT workloads offshore, Infosys should expand its market share in the growing geo.
INFY Analyst's Forecast
Keith Bachman
BMO Capital
Hold
2024-10-18
Price Target
$23 → $25
Upside
+11.14%
BMO Capital raised the firm's price target on Infosys to $25 from $21 and keeps a Market Perform rating on the shares after its Q2 results. Despite weakness in large deal total contract value - TCV - against a difficult compare, the company sounded more bullish on the demand environment and notably for smaller deals, the analyst tells investors in a research note. BMO adds that the early signs of improvement at Infosys are encouraging for the industry, though "one quarter does not make a trend".
