Fidus Investment Corporation Stock Forecast
Fidus Investment Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The Fidus Investment Corporation stock price fell by -0.88% on the last day (Thursday, 2nd May 2024) from $20.47 to $20.29. During the last trading day the stock fluctuated 1.98% from a day low at $20.20 to a day high of $20.60. The price has been going up and down for this period, and there has been a 2.73% gain for the last 2 weeks. Volume has increased on the last day by 74 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 200 thousand shares were bought and sold for approximately $4.06 million.
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 $20.48 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.46% during the next 3 months and, with a 90% probability hold a price between $20.22 and $21.40 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.
FDUS Signals & Forecast
The Fidus Investment 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 $20.34. On a fall, the stock will find some support from the long-term average at approximately $19.70. 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 Wednesday, May 01, 2024, and so far it has fallen -0.88%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Fidus Investment Corporation stock
Fidus Investment Corporation finds support from accumulated volume at $19.64 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 $0.400 between high and low, or 1.98%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $19.71 (-2.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FDUS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Fidus Investment Corporation to open at $20.36, and during the day (based on 14 day Average True Range), to move between $20.04 and $20.54, which gives a possible trading interval of +/-$0.246 (+/-1.21%) up or down from last closing price. If Fidus Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.34 (0.25%) than the support at $19.64 (3.20%), 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
Fidus Investment Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.590. We will update the financials statements for Fidus Investment Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.23% in the first trading day after earnings release.
Is Fidus Investment Corporation stock A Buy?
Fidus Investment Corporation 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: -0.833 Hold/Accumulate Downgraded
Predicted Opening Price for Fidus Investment Corporation of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$20.36 ( 0.361%) | $20.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDUS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.76 | 2.33 % | |
R2 | 20.61 | 1.58 % | ||
R1 | 20.52 | 1.11 % | ||
Current price: | 20.29 | |||
Support | S1 | 20.21 | -0.392 % | |
S2 | 20.12 | -0.86 % | ||
S3 | 19.96 | -1.61 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.38 | 0.444 % | |
R2 | 20.36 | 0.345 % | ||
R1 | 20.34 | 0.246 % | ||
Current price | 20.29 | |||
Support | S1 | 19.64 | -3.20% | |
S2 | 19.62 | -3.30% | ||
S3 | 19.40 | -4.39% |
FDUS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 14, 2024 | Mar 19, 2024 | Mar 27, 2024 | $0.650 | 3.32% |
2 | Nov 02, 2023 | Dec 19, 2023 | Dec 27, 2023 | $0.530 | 2.69% |
3 | Aug 03, 2023 | Sep 19, 2023 | Sep 27, 2023 | $0.510 | 2.70% |
4 | May 01, 2023 | Jun 20, 2023 | Jun 28, 2023 | $0.700 | 3.58% |
5 | Feb 15, 2023 | Mar 21, 2023 | Mar 29, 2023 | $0.660 | 3.44% |
FAQ
Click here for our free guide on how to buy Fidus Investment Corporation Stock.