Capital Southwest Corporation Stock Forecast
Capital Southwest Corporation stock upgraded to Buy Candidate.
(Updated on May 16, 2024)
The Capital Southwest Corporation stock price fell by -1.52% on the last day (Thursday, 16th May 2024) from $26.39 to $25.99. During the last trading day the stock fluctuated 2.12% from a day low at $25.96 to a day high of $26.51. The price has risen in 6 of the last 10 days and is up by 0.78% 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 -224 thousand shares and in total, 416 thousand shares were bought and sold for approximately $10.80 million.
The stock lies in the middle of a strong 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 12.21% during the next 3 months and, with a 90% probability hold a price between $28.60 and $30.63 at the end of this 3-month period.
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CSWC Signals & Forecast
The Capital Southwest Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $26.62. On a fall, the stock will find some support from the long-term average at approximately $25.56. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 14, 2024, and so far it has fallen -4.45%. 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 Capital Southwest Corporation stock
Capital Southwest Corporation finds support from accumulated volume at $24.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.550 (2.12%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: $24.54 (-5.58%) (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 (CSWC) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Capital Southwest Corporation to open at $26.15, and during the day (based on 14 day Average True Range), to move between $25.55 and $26.43, which gives a possible trading interval of +/-$0.438 (+/-1.69%) up or down from last closing price. If Capital Southwest Corporation takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.39 (1.54%) than the support at $24.96 (3.96%), 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.
Is Capital Southwest 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 Capital Southwest Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.524 Buy Candidate Upgraded
Predicted Opening Price for Capital Southwest Corporation of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$26.15 ( 0.628%) | $25.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSWC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.70 | 2.74 % | |
R2 | 26.49 | 1.94 % | ||
R1 | 26.36 | 1.44 % | ||
Current price: | 25.99 | |||
Support | S1 | 25.94 | -0.180 % | |
S2 | 25.81 | -0.679 % | ||
S3 | 25.60 | -1.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.83 | 3.23 % | |
R2 | 26.53 | 2.08 % | ||
R1 | 26.39 | 1.54 % | ||
Current price | 25.99 | |||
Support | S1 | 24.96 | -3.96% | |
S2 | 24.21 | -6.85% | ||
S3 | 23.92 | -7.96% |
CSWC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.630 | 2.42% |
2 | Jan 24, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.630 | 2.52% |
3 | Oct 25, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.630 | 2.66% |
4 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.620 | 2.71% |
5 | Apr 26, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.590 | 2.99% |
FAQ
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