Bain Capital Specialty Finance Inc. Stock Forecast

Green day on Wednesday for Bain Capital Specialty Finance Inc. stock after gaining 1.38%
(Updated on May 01, 2024)

BCSF Signals & Forecast

The Bain Capital Specialty Finance Inc. 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 $16.48 and $15.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 8.49%. 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. The stock had a Golden Star Signal on Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 24, 2024.

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 Bain Capital Specialty Finance Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $15.71 and $15.68. 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, Bain Capital Specialty Finance Inc. finds support just below today's level at $15.71. If this is broken, then the next support from accumulated volume will be at $15.68 and $15.58.

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 $0.260 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 1.55%.

The Bain Capital Specialty Finance Inc. stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Bain Capital Specialty Finance Inc. has been rising for 10 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $16.12 (-4.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (BCSF) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Bain Capital Specialty Finance Inc. to open at $16.81, and during the day (based on 14 day Average True Range), to move between $16.64 and $17.08, which gives a possible trading interval of +/-$0.220 (+/-1.30%) up or down from last closing price. If Bain Capital Specialty Finance Inc. takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.71, some $1.15 (6.82%) from the current price of $16.86, our system finds the risk reward attractive.

Is Bain Capital Specialty Finance Inc. stock A Buy?

Bain Capital Specialty Finance Inc. 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bain Capital Specialty Finance Inc. of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.