Sprott Focus Trust Stock Forecast
Sprott Focus Trust stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Sprott Focus Trust stock price fell by -0.517% on the last day (Wednesday, 24th Apr 2024) from $7.73 to $7.69. During the last trading day the stock fluctuated 1.11% from a day low at $7.65 to a day high of $7.74. The price has been going up and down for this period, and there has been a -2.78% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 25 thousand shares were bought and sold for approximately $194.73 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $7.65 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Sprott Focus Trust stock with a 90% probability to be traded between $7.80 and $8.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FUND Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.654%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sprott Focus Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.80. On a fall, the stock will find some support from the short-term average at $7.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Sprott Focus Trust stock
Sprott Focus Trust finds support from accumulated volume at $7.64 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0850 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: $7.22 (-6.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (FUND) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Sprott Focus Trust to open at $7.69, and during the day (based on 14 day Average True Range), to move between $7.59 and $7.79, which gives a possible trading interval of +/-$0.0976 (+/-1.27%) up or down from last closing price. If Sprott Focus Trust takes out the full calculated possible swing range there will be an estimated 2.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.70 (0.13%) than the support at $7.64 (0.65%), 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 Sprott Focus Trust stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sprott Focus Trust stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.332 Buy Candidate Upgraded
Predicted Opening Price for Sprott Focus Trust of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$7.69 ( 0.0217%) | $7.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUND
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.78 | 1.13 % | |
R2 | 7.74 | 0.705 % | ||
R1 | 7.72 | 0.444 % | ||
Current price: | 7.69 | |||
Support | S1 | 7.66 | -0.401 % | |
S2 | 7.64 | -0.661 % | ||
S3 | 7.61 | -1.08 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.04 | 4.55 % | |
R2 | 7.94 | 3.25 % | ||
R1 | 7.70 | 0.130 % | ||
Current price | 7.69 | |||
Support | S1 | 7.64 | -0.650% | |
S2 | 7.61 | -1.04% | ||
S3 | 7.57 | -1.56% |
FUND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 04, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.129 | 1.60% |
2 | Dec 04, 2023 | Dec 13, 2023 | Dec 28, 2023 | $0.127 | 1.58% |
3 | Sep 05, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.124 | 1.65% |
4 | Jun 02, 2023 | Jun 09, 2023 | Jun 27, 2023 | $0.122 | 1.56% |
5 | Mar 02, 2023 | Mar 10, 2023 | Dec 28, 2018 | $0.125 | 2.17% |
FAQ
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