WhiteHorse Finance Stock Forecast
Weaker technical forecast for WhiteHorse Finance as stock downgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The WhiteHorse Finance stock price gained 0.0773% on the last trading day (Thursday, 16th May 2024), rising from $12.93 to $12.94. During the last trading day the stock fluctuated 1.07% from a day low at $12.90 to a day high of $13.04. The price has fallen in 6 of the last 10 days and is down by -0.61% for this period. Volume fell on the last day by -9 thousand shares and in total, 25 thousand shares were bought and sold for approximately $328.28 thousand. 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.
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 3.09% during the next 3 months and, with a 90% probability hold a price between $12.69 and $13.57 at the end of this 3-month period.
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WHF Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -1.37%. 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). 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. The WhiteHorse Finance 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 $12.93 and $12.65. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, April 16, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 16, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for WhiteHorse Finance stock
WhiteHorse Finance finds support from accumulated volume at $12.34 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 $0.138 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.90%
Our recommended stop-loss: $12.44 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (WHF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect WhiteHorse Finance to open at $12.96, and during the day (based on 14 day Average True Range), to move between $12.66 and $13.22, which gives a possible trading interval of +/-$0.281 (+/-2.17%) up or down from last closing price. If WhiteHorse Finance takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.00 (0.46%) than the support at $12.34 (4.64%), 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 WhiteHorse Finance stock A Buy?
WhiteHorse Finance holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.251 Hold/Accumulate Downgraded
Predicted Opening Price for WhiteHorse Finance of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$12.96 ( 0.150%) | $12.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.10 | 1.22 % | |
R2 | 13.04 | 0.81 % | ||
R1 | 13.01 | 0.557 % | ||
Current price: | 12.94 | |||
Support | S1 | 12.91 | -0.258 % | |
S2 | 12.87 | -0.510 % | ||
S3 | 12.82 | -0.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.12 | 1.39 % | |
R2 | 13.06 | 0.93 % | ||
R1 | 13.00 | 0.464 % | ||
Current price | 12.94 | |||
Support | S1 | 12.34 | -4.64% | |
S2 | 12.20 | -5.72% | ||
S3 | 12.10 | -6.49% |
WHF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 18, 2024 | Jun 18, 2024 | Jul 02, 2024 | $0.385 | 2.98% |
2 | Feb 29, 2024 | Mar 21, 2024 | Apr 02, 2024 | $0.385 | 3.18% |
3 | Nov 09, 2023 | Dec 19, 2023 | Jan 03, 2024 | $0.385 | 3.14% |
4 | Aug 08, 2023 | Sep 18, 2023 | Oct 03, 2023 | $0.370 | 3.01% |
5 | May 09, 2023 | Jun 20, 2023 | Jul 05, 2023 | $0.370 | 2.78% |
FAQ
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