Bain Capital Specialty Finance Inc. Stock Forecast

Bain Capital Specialty Finance Inc. stock upgraded to Buy Candidate.
(Updated on May 03, 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 $16.59 and $15.93. A breakdown below any of these levels will issue sell signals. 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 -1.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.300 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 1.40%.

Our recommended stop-loss: $15.97 (-3.85%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (BCSF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Bain Capital Specialty Finance Inc. to open at $16.70, and during the day (based on 14 day Average True Range), to move between $16.38 and $16.84, which gives a possible trading interval of +/-$0.227 (+/-1.37%) 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 2.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.63 (0.12%) than the support at $15.71 (5.42%), 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 Bain Capital Specialty Finance Inc. 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 Bain Capital Specialty Finance Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.777 Buy Candidate Upgraded

Predicted Opening Price for Bain Capital Specialty Finance Inc. of Monday, May 6, 2024

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