Hercules Capital Inc 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
Evaluation of Hercules Capital Inc stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Hercules Capital Inc stock price gained 0.584% on the last trading day (Wednesday, 24th Apr 2024), rising from $18.85 to $18.96. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.12% from a day low at $18.82 to a day high of $19.03. The price has risen in 8 of the last 10 days and is up by 3.44% over the past 2 weeks. Volume fell on the last day by -291 thousand shares and in total, 606 thousand shares were bought and sold for approximately $11.49 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 5.87% during the next 3 months and, with a 90% probability hold a price between $19.14 and $20.63 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. 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 $18.48 and $18.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.57%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 0.580% to $19.07 within 32 trading days since signal was issued (Thursday, April 25, 2024).
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 $0.210 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.36%.
Since the Hercules Capital Inc has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $18.27 (-3.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HTGC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Hercules Capital Inc to open at $18.94, and during the day (based on 14 day Average True Range), to move between $18.69 and $19.23, which gives a possible trading interval of +/-$0.269 (+/-1.42%) up or down from last closing price. If Hercules Capital Inc takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.60, some $0.360 (1.90%) from the current price of $18.96, our system finds the risk reward attractive.
Earnings coming up
Hercules Capital Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.480. We will update the financials statements for Hercules Capital Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.47% in the first trading day after earnings release.
Is Hercules Capital Inc stock A Buy?
Hercules Capital Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Hercules Capital Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $18.94 ( 0.123%) | $18.96 |
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 | 19.15 | 0.98 % | |
| R2 | 19.07 | 0.561 % | ||
| R1 | 19.02 | 0.300 % | ||
| Current price: | 18.96 | |||
| Support | S1 | 18.86 | -0.546 % | |
| S2 | 18.81 | -0.81 % | ||
| S3 | 18.73 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 18.96 | |||
| Support | S1 | 18.60 | -1.90% | |
| S2 | 18.40 | -2.95% | ||
| S3 | 18.15 | -4.27% |
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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