Tyler Technologies provides information management solutions and services. Co.'s segments are: Enterprise Software, which provides public sector entities software systems and services to meet their information technology and automation needs for back-office functions such as financial management and education, courts and justice, public safety, planning, regulatory and maintenance, data and insights and platform technologies; and Appraisal and Tax, which provides systems and software that automate the appraisal and assessment of real and personal property, land and vital records management, and property appraisal outsourcing services for local governments and taxing authorities.
When researching a stock like Tyler Technologies, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from TYL Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for TYL stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting TYL RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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Video: RSI Indicator