Horizon Technology Finance Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Horizon Technology Finance Corporation stock after losing 0%
(Updated on Jun 20, 2024)
No changes to the price of Horizon Technology Finance Corporation stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $24.00 to a day high of $24.00. The price has fallen in 4 of the last 10 days.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $24.03 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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HTFB Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Horizon Technology Finance Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.19 and $24.00. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 21, 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.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 21, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 21, 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 Horizon Technology Finance Corporation stock
Horizon Technology Finance Corporation finds support from accumulated volume at $24.00 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 therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0248%
Our recommended stop-loss: $22.56 (-5.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (HTFB) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Horizon Technology Finance Corporation to open at $24.00, and during the day (based on 14 day Average True Range), to move between $23.86 and $24.14, which gives a possible trading interval of +/-$0.143 (+/-0.59%) up or down from last closing price. If Horizon Technology Finance Corporation takes out the full calculated possible swing range there will be an estimated 1.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.00 (0.00%) than the resistance at $24.10 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Horizon Technology Finance Corporation stock A Buy?
Horizon Technology Finance Corporation 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 Horizon Technology Finance Corporation of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $24.00 ( 0%) | $24.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTFB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.00 | - |
| R2 | 24.00 | - |
| R1 | 24.00 | - |
| Price | 24.00 | |
| S1 | 24.00 | - |
| S2 | 24.00 | - |
| S3 | 24.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.70 | 2.91% |
| R2 | 24.33 | 1.35% |
| R1 | 24.10 | 0.416% |
| Price | 24.00 | |
| S1 | 24.00 | -0.0004% |
| S2 | 23.97 | -0.125% |
| S3 | 23.75 | -1.04% |
HTFB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.305 | 1.27% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.305 | 1.28% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.305 | 1.27% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.305 | 1.29% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.305 | 1.30% |
FAQ
Click here for our free guide on how to buy Horizon Technology Finance Corporation Stock.
