Technical Analysis for MJCO - Majesco

Grade Last Price % Change Price Change
grade F 7.23 -0.82% -0.06
MJCO closed down 0.82 percent on Thursday, January 23, 2020, on 6 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical MJCO trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -0.82%
Down 3 Days in a Row Weakness -0.82%
Oversold Stochastic Weakness -0.82%
Oversold Stochastic Weakness -1.23%
1,2,3 Retracement Bearish Bearish Swing Setup -3.34%

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Profile

Majesco provides software solutions for the insurance industry worldwide. The company offers solutions in life and annuity products, such as Elixir policy administration, Elixir distribution management, new business and underwriting, and STG policy administration services, as well as implementation services. It also provides property and casualty insurance products, including STG policy administration, STG billing, STG product modeler, STG claims, distribution management, and implementation services. In addition, the company offers proprietary software solutions, IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing and business intelligence, CRM services, and legacy modernization. Further, it provides enterprise application, enterprise mobility, and portal services; project delivery and implementation services; and support and maintenance services for the software. The company was formerly known as MajescoMastek and changed its name to Majesco in October 2014. The company was founded in 1992 and is headquartered in New York, New York. Majesco is a subsidiary of Majesco Limited.
Maintenance Services Insurance Industry Business Intelligence CRM Software Solutions Casualty Insurance Products Annuity Products Economy Of India Portal Services Distribution Management

Is MJCO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.69
52 Week Low 6.87
Average Volume 36,738
200-Day Moving Average 8.41
50-Day Moving Average 8.13
20-Day Moving Average 7.76
10-Day Moving Average 7.40
Average True Range 0.29
ADX 36.94
+DI 8.96
-DI 25.30
Chandelier Exit (Long, 3 ATRs ) 7.53
Chandelier Exit (Short, 3 ATRs ) 7.97
Upper Bollinger Band 8.55
Lower Bollinger Band 6.97
Percent B (%b) 0.16
BandWidth 20.28
MACD Line -0.25
MACD Signal Line -0.21
MACD Histogram -0.0344
Fundamentals Value
Market Cap 264.09 Million
Num Shares 36.5 Million
EPS -0.05
Price-to-Earnings (P/E) Ratio -144.60
Price-to-Sales 1.75
Price-to-Book 4.55
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.46
Resistance 3 (R3) 7.45 7.35 7.42
Resistance 2 (R2) 7.35 7.29 7.36 7.41
Resistance 1 (R1) 7.29 7.26 7.25 7.31 7.40
Pivot Point 7.20 7.20 7.18 7.21 7.20
Support 1 (S1) 7.14 7.14 7.09 7.15 7.06
Support 2 (S2) 7.04 7.10 7.05 7.05
Support 3 (S3) 6.98 7.04 7.04
Support 4 (S4) 7.00