Firsthand Technology Value Fund Stock Forecast
Firsthand Technology Value Fund stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
No changes to the price of Firsthand Technology Value Fund stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 6.49% from a day low at $0.233 to a day high of $0.248. The price has risen in 4 of the last 10 days but is still down by -0.09% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.10% during the next 3 months and, with a 90% probability hold a price between $0.168 and $0.220 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SVVC Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Firsthand Technology Value Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.235 and $0.238. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -10.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Firsthand Technology Value Fund stock
Firsthand Technology Value Fund finds support from accumulated volume at $0.232 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0151 between high and low, or 6.49%. For the last week, the stock has had daily average volatility of 5.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SVVC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Firsthand Technology Value Fund to open at $0.238, and during the day (based on 14 day Average True Range), to move between $0.220 and $0.245, which gives a possible trading interval of +/-$0.0122 (+/-5.26%) up or down from last closing price. If Firsthand Technology Value Fund takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.232 (0.09%) than the resistance at $0.239 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Firsthand Technology Value Fund stock A Buy?
Firsthand Technology Value Fund holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.668 Strong Sell Candidate Downgraded
Predicted Opening Price for Firsthand Technology Value Fund of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.238 ( 2.16%) | $0.233 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVVC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.253 | 8.66 % | |
R2 | 0.247 | 6.18 % | ||
R1 | 0.243 | 4.64 % | ||
Current price: | 0.233 | |||
Support | S1 | 0.232 | -0.316 % | |
S2 | 0.228 | -1.85 % | ||
S3 | 0.223 | -4.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.290 | 24.68 % | |
R2 | 0.260 | 11.78 % | ||
R1 | 0.239 | 2.73 % | ||
Current price | 0.233 | |||
Support | S1 | 0.232 | -0.0860% | |
S2 | 0.230 | -1.12% | ||
S3 | 0.226 | -2.79% |
SVVC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 23, 2018 | Dec 12, 2018 | Dec 21, 2018 | $0.0340 | 0.345% |
2 | Nov 25, 2014 | Dec 03, 2014 | Dec 11, 2014 | $2.86 | 15.51% |
3 | Oct 20, 2014 | Oct 29, 2014 | Nov 06, 2014 | $3.00 | 13.41% |
4 | Dec 03, 2013 | Dec 16, 2013 | Dec 23, 2013 | $0.317 | 1.35% |
FAQ
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