WhiteHorse Finance Stock Forecast
Green day on Friday for WhiteHorse Finance stock after gaining 1.08%
(Updated on May 17, 2024)
The WhiteHorse Finance stock price gained 1.08% on the last trading day (Friday, 17th May 2024), rising from $12.94 to $13.08. During the last trading day the stock fluctuated 1.40% from a day low at $12.90 to a day high of $13.08. The price has been going up and down for this period, and there has been a 2.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $387.26 thousand.
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 $13.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.34% during the next 3 months and, with a 90% probability hold a price between $12.74 and $13.61 at the end of this 3-month period.
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WHF Signals & Forecast
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 $12.67. A breakdown below any of these levels will issue sell signals. WhiteHorse Finance has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, May 08, 2024, and so far it has fallen -0.305%. 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). 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
On the downside, the stock finds support just below today's level from accumulated volume at $12.34 and $12.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, WhiteHorse Finance finds support just below today's level at $12.34. If this is broken, then the next support from accumulated volume will be at $12.20 and $12.10.
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 $0.180 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: $12.55 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (WHF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect WhiteHorse Finance to open at $13.02, and during the day (based on 14 day Average True Range), to move between $12.81 and $13.35, which gives a possible trading interval of +/-$0.273 (+/-2.09%) up or down from last closing price. If WhiteHorse Finance takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.12 (0.31%) than the support at $12.34 (5.66%), 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.
Current score: 0.294 Hold/Accumulate Unchanged
Predicted Opening Price for WhiteHorse Finance of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$13.02 ( 0.459%) | $13.08 |
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 | 13.20 | 0.92 % | |
R2 | 13.13 | 0.392 % | ||
R1 | 13.09 | 0.0670 % | ||
Current price: | 13.08 | |||
Support | S1 | 12.95 | -0.98 % | |
S2 | 12.91 | -1.31 % | ||
S3 | 12.84 | -1.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 13.12 | 0.306 % | ||
Current price | 13.08 | |||
Support | S1 | 12.34 | -5.66% | |
S2 | 12.20 | -6.73% | ||
S3 | 12.10 | -7.49% |
WHF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 18, 2024 | Jun 18, 2024 | Jul 02, 2024 | $0.385 | 2.95% |
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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