Hercules Capital Inc Stock Forecast
Hercules Capital Inc stock upgraded to Buy Candidate.
(Updated on Apr 22, 2024)
The Hercules Capital Inc stock price gained 1.25% on the last trading day (Monday, 22nd Apr 2024), rising from $18.46 to $18.69. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.57% from a day low at $18.47 to a day high of $18.76. The price has risen in 7 of the last 10 days and is up by 1.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 151 thousand more shares were traded than the day before. In total, 813 thousand shares were bought and sold for approximately $15.19 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.80% during the next 3 months and, with a 90% probability hold a price between $19.01 and $20.57 at the end of this 3-month period.
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HTGC Signals & Forecast
The Hercules Capital Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.24 and $18.25. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -0.426%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hercules Capital Inc stock
Hercules Capital Inc finds support from accumulated volume at $18.60 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 $0.290 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: $17.95 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (HTGC) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Hercules Capital Inc to open at $18.64, and during the day (based on 14 day Average True Range), to move between $18.42 and $18.96, which gives a possible trading interval of +/-$0.275 (+/-1.47%) up or down from last closing price. If Hercules Capital Inc takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.72 (0.16%) than the support at $18.60 (0.48%), 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 Hercules Capital 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 Hercules Capital Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.213 Buy Candidate Upgraded
Predicted Opening Price for Hercules Capital Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $18.64 ( 0.268%) | $18.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTGC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.93 | 1.28 % | |
| R2 | 18.82 | 0.692 % | ||
| R1 | 18.75 | 0.325 % | ||
| Current price: | 18.69 | |||
| Support | S1 | 18.53 | -0.86 % | |
| S2 | 18.46 | -1.23 % | ||
| S3 | 18.35 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 18.77 | 0.428 % | ||
| R1 | 18.72 | 0.161 % | ||
| Current price | 18.69 | |||
| Support | S1 | 18.60 | -0.482% | |
| S2 | 18.40 | -1.55% | ||
| S3 | 18.15 | -2.89% |
HTGC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Feb 27, 2024 | Mar 06, 2024 | $0.0800 | 0.435% |
| 2 | Oct 31, 2023 | Nov 14, 2023 | Nov 22, 2023 | $0.0800 | 0.514% |
| 3 | Aug 01, 2023 | Aug 17, 2023 | Aug 25, 2023 | $0.0800 | 0.487% |
| 4 | May 02, 2023 | May 15, 2023 | May 23, 2023 | $0.470 | 3.43% |
| 5 | Feb 14, 2023 | Mar 01, 2023 | Mar 09, 2023 | $0.470 | 3.40% |
FAQ
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