Hercules Capital Inc Stock Forecast
Hercules Capital Inc stock price up 0.86% on Tuesday
(Updated on Apr 23, 2024)
The Hercules Capital Inc stock price gained 0.86% on the last trading day (Tuesday, 23rd Apr 2024), rising from $18.69 to $18.85. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.37% from a day low at $18.67 to a day high of $18.93. The price has risen in 7 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 833 thousand shares were bought and sold for approximately $15.69 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.87% during the next 3 months and, with a 90% probability hold a price between $19.06 and $20.61 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HTGC Signals & Forecast
The Hercules Capital Inc 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 $18.34 and $18.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.96%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hercules Capital Inc stock
Hercules Capital Inc finds support from accumulated volume at $18.60 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 $0.255 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.38%.
Since the Hercules Capital Inc has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $18.03 (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (HTGC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Hercules Capital Inc to open at $18.82, and during the day (based on 14 day Average True Range), to move between $18.58 and $19.12, which gives a possible trading interval of +/-$0.273 (+/-1.45%) up or down from last closing price. If Hercules Capital Inc takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.60, some $0.250 (1.33%) from the current price of $18.85, our system finds the risk reward attractive.
Is Hercules Capital Inc 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 Hercules Capital Inc stock to perform well in the short-term.
Current score: 4.250 Buy Candidate Unchanged
Predicted Opening Price for Hercules Capital Inc of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$18.82 ( 0.186%) | $18.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTGC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.07 | 1.17 % | |
R2 | 18.97 | 0.650 % | ||
R1 | 18.91 | 0.331 % | ||
Current price: | 18.85 | |||
Support | S1 | 18.72 | -0.702 % | |
S2 | 18.66 | -1.02 % | ||
S3 | 18.56 | -1.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 18.85 | |||
Support | S1 | 18.60 | -1.33% | |
S2 | 18.40 | -2.39% | ||
S3 | 18.15 | -3.71% |
HTGC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Feb 27, 2024 | Mar 06, 2024 | $0.0800 | 0.435% |
2 | Oct 31, 2023 | Nov 14, 2023 | Nov 22, 2023 | $0.0800 | 0.514% |
3 | Aug 01, 2023 | Aug 17, 2023 | Aug 25, 2023 | $0.0800 | 0.487% |
4 | May 02, 2023 | May 15, 2023 | May 23, 2023 | $0.470 | 3.43% |
5 | Feb 14, 2023 | Mar 01, 2023 | Mar 09, 2023 | $0.470 | 3.40% |
FAQ
Click here for our free guide on how to buy Hercules Capital Inc Stock.