Fidus Investment Corporation Stock Forecast
Fidus Investment Corporation stock price ended at $20.47 on Wednesday, after gaining 0.540%.
(Updated on May 01, 2024)
The Fidus Investment Corporation stock price gained 0.540% on the last trading day (Wednesday, 1st May 2024), rising from $20.36 to $20.47. During the last trading day the stock fluctuated 1.08% from a day low at $20.35 to a day high of $20.57. The price has risen in 6 of the last 10 days and is up by 4.07% over the past 2 weeks. Volume fell on the last day by -40 thousand shares and in total, 126 thousand shares were bought and sold for approximately $2.59 million. 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 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 $20.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.27% during the next 3 months and, with a 90% probability hold a price between $20.17 and $21.38 at the end of this 3-month period.
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FDUS Signals & Forecast
Mostly positive signals in the chart today. The Fidus Investment Corporation 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 $20.35 and $19.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 8.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched 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 $0.220 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: $19.74 (-3.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (FDUS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Fidus Investment Corporation to open at $20.46, and during the day (based on 14 day Average True Range), to move between $20.24 and $20.70, which gives a possible trading interval of +/-$0.235 (+/-1.15%) up or down from last closing price. If Fidus Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.64, some $0.83 (4.05%) from the current price of $20.47, our system finds the risk reward attractive.
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?
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 Fidus Investment Corporation stock to perform well in the short-term.
Current score: 4.366 Buy Candidate Unchanged
Predicted Opening Price for Fidus Investment Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $20.46 ( 0.0326%) | $20.47 |
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 | 20.68 | 1.04 % | |
| R2 | 20.60 | 0.632 % | ||
| R1 | 20.55 | 0.378 % | ||
| Current price: | 20.47 | |||
| Support | S1 | 20.38 | -0.443 % | |
| S2 | 20.33 | -0.697 % | ||
| S3 | 20.24 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 20.47 | |||
| Support | S1 | 19.64 | -4.05% | |
| S2 | 19.62 | -4.15% | ||
| S3 | 19.40 | -5.23% |
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
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