Fidus Investment Corporation Stock Forecast
Red day on Thursday for Fidus Investment Corporation
(Updated on Apr 25, 2024)
The Fidus Investment Corporation stock price fell by -0.444% on the last day (Thursday, 25th Apr 2024) from $20.29 to $20.20. During the last trading day the stock fluctuated 0.768% from a day low at $20.20 to a day high of $20.35. The price has risen in 6 of the last 10 days and is up by 2.54% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 92 thousand shares were bought and sold for approximately $1.86 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $20.36 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.36% during the next 3 months and, with a 90% probability hold a price between $19.58 and $20.83 at the end of this 3-month period.
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FDUS Signals & Forecast
The Fidus Investment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.05 and $19.59. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.688%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fidus Investment Corporation stock
Fidus Investment Corporation finds support from accumulated volume at $19.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.155 between high and low, or 0.768%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: $19.41 (-3.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FDUS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Fidus Investment Corporation to open at $20.25, and during the day (based on 14 day Average True Range), to move between $19.96 and $20.44, which gives a possible trading interval of +/-$0.236 (+/-1.17%) up or down from last closing price. If Fidus Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.29 (0.45%) than the support at $19.64 (2.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Fidus Investment Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.590. We will update the financials statements for Fidus Investment Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.23% in the first trading day after earnings release.
Is Fidus Investment Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fidus Investment Corporation stock to perform well in the short-term.
Current score: 3.354 Buy Candidate Unchanged
Predicted Opening Price for Fidus Investment Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $20.25 ( 0.239%) | $20.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.40 | 1.01 % | |
| R2 | 20.34 | 0.713 % | ||
| R1 | 20.31 | 0.532 % | ||
| Current price: | 20.20 | |||
| Support | S1 | 20.19 | -0.0538 % | |
| S2 | 20.15 | -0.235 % | ||
| S3 | 20.09 | -0.528 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 20.34 | 0.693 % | ||
| R1 | 20.29 | 0.446 % | ||
| Current price | 20.20 | |||
| Support | S1 | 19.64 | -2.77% | |
| S2 | 19.62 | -2.87% | ||
| S3 | 19.40 | -3.96% |
FDUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 19, 2024 | Mar 27, 2024 | $0.650 | 3.32% |
| 2 | Nov 02, 2023 | Dec 19, 2023 | Dec 27, 2023 | $0.530 | 2.69% |
| 3 | Aug 03, 2023 | Sep 19, 2023 | Sep 27, 2023 | $0.510 | 2.70% |
| 4 | May 01, 2023 | Jun 20, 2023 | Jun 28, 2023 | $0.700 | 3.58% |
| 5 | Feb 15, 2023 | Mar 21, 2023 | Mar 29, 2023 | $0.660 | 3.44% |
FAQ
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