Capital Southwest Corporation Stock Forecast

Capital Southwest Corporation stock price up 1.40% on Monday
(Updated on Apr 22, 2024)

CSWC Signals & Forecast

The Capital Southwest 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 $24.77 and $24.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.31%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Capital Southwest Corporation stock

Capital Southwest Corporation finds support from accumulated volume at $24.56 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 $0.430 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: $24.09 (-5.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (CSWC) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Capital Southwest Corporation to open at $25.28, and during the day (based on 14 day Average True Range), to move between $25.00 and $25.82, which gives a possible trading interval of +/-$0.414 (+/-1.63%) up or down from last closing price. If Capital Southwest Corporation takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.66 (0.98%) than the support at $24.56 (3.35%), 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 Capital Southwest Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Capital Southwest Corporation stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 3.480 Buy Candidate Unchanged

Predicted Opening Price for Capital Southwest Corporation of Tuesday, April 23, 2024

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