Horizon Technology Finance Corporation Stock Forecast
Horizon Technology Finance Corporation stock price ended at $11.64 on Friday, after gaining 0.95%.
(Updated on Apr 26, 2024)
The Horizon Technology Finance Corporation stock price gained 0.95% on the last trading day (Friday, 26th Apr 2024), rising from $11.53 to $11.64. During the last trading day the stock fluctuated 1.22% from a day low at $11.51 to a day high of $11.65. The price has risen in 6 of the last 10 days and is up by 3.84% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 125 thousand shares were bought and sold for approximately $1.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -17.52% during the next 3 months and, with a 90% probability hold a price between $8.46 and $9.60 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HRZN Signals & Forecast
The Horizon Technology Finance 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 $11.54 and $11.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 4.21%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Horizon Technology Finance Corporation stock
Horizon Technology Finance Corporation finds support from accumulated volume at $11.35 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.140 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.24%
Our recommended stop-loss: $11.06 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (HRZN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Horizon Technology Finance Corporation to open at $11.60, and during the day (based on 14 day Average True Range), to move between $11.48 and $11.80, which gives a possible trading interval of +/-$0.164 (+/-1.41%) up or down from last closing price. If Horizon Technology Finance Corporation takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.70 (0.52%) than the support at $11.35 (2.49%), 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
Horizon Technology Finance Corporation will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for Horizon Technology Finance Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.60% in the first trading day after earnings release.
Is Horizon Technology Finance Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.253 Buy Candidate Unchanged
Predicted Opening Price for Horizon Technology Finance Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $11.60 ( 0.344%) | $11.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRZN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.74 | 0.86 % | |
| R2 | 11.69 | 0.400 % | ||
| R1 | 11.65 | 0.116 % | ||
| Current price: | 11.64 | |||
| Support | S1 | 11.55 | -0.80 % | |
| S2 | 11.51 | -1.09 % | ||
| S3 | 11.46 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.20 | 4.81 % | |
| R2 | 11.94 | 2.58 % | ||
| R1 | 11.70 | 0.515 % | ||
| Current price | 11.64 | |||
| Support | S1 | 11.35 | -2.49% | |
| S2 | 11.25 | -3.35% | ||
| S3 | 11.24 | -3.44% |
HRZN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 14, 2024 | $0.110 | 0.95% |
| 2 | Apr 17, 2024 | Apr 17, 2024 | May 15, 2024 | $0.110 | 0.95% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Apr 16, 2024 | $0.160 | 1.42% |
| 4 | Nov 03, 2023 | Feb 15, 2024 | Mar 15, 2024 | $0.110 | 0.94% |
| 5 | Oct 31, 2023 | Jan 17, 2024 | Feb 14, 2024 | $0.110 | 0.82% |
FAQ
Click here for our free guide on how to buy Horizon Technology Finance Corporation Stock.
