Hercules Capital Inc Stock Forecast
Evaluation of Hercules Capital Inc stock downgraded after the last trading session.
(Updated on May 01, 2024)
The Hercules Capital Inc stock price gained 0.94% on the last trading day (Wednesday, 1st May 2024), rising from $19.12 to $19.30. During the last trading day the stock fluctuated 1.46% from a day low at $19.15 to a day high of $19.43. The price has risen in 8 of the last 10 days and is up by 6.28% 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, 145 thousand more shares were traded than the day before. In total, 798 thousand shares were bought and sold for approximately $15.40 million.
The stock lies in the middle of a narrow and 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 6.51% during the next 3 months and, with a 90% probability hold a price between $20.00 and $20.96 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 $19.07 and $18.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 7.76%. 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 is rising along with the price. This is considered to be a good technical signal.
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.280 (1.46%) between high and low. For the last week, the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: $18.61 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (HTGC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hercules Capital Inc to open at $19.29, and during the day (based on 14 day Average True Range), to move between $19.03 and $19.57, which gives a possible trading interval of +/-$0.266 (+/-1.38%) up or down from last closing price. If Hercules Capital Inc takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.60, some $0.700 (3.63%) from the current price of $19.30, 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, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $19.29 ( 0.0518%) | $19.30 |
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 | 19.57 | 1.40 % | |
| R2 | 19.46 | 0.84 % | ||
| R1 | 19.40 | 0.502 % | ||
| Current price: | 19.30 | |||
| Support | S1 | 19.18 | -0.606 % | |
| S2 | 19.12 | -0.95 % | ||
| S3 | 19.01 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19.30 | |||
| Support | S1 | 18.60 | -3.63% | |
| S2 | 18.40 | -4.66% | ||
| S3 | 18.15 | -5.96% |
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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