MidCap Financial Investment Corporation Stock Forecast
Green day on Friday for MidCap Financial Investment Corporation stock after gaining 0.86%
(Updated on Apr 26, 2024)
The MidCap Financial Investment Corporation stock price gained 0.86% on the last trading day (Friday, 26th Apr 2024), rising from $15.05 to $15.18. During the last trading day the stock fluctuated 1.33% from a day low at $15.06 to a day high of $15.26. The price has fallen in 5 of the last 10 days but is still up by 1.74% 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, 18 thousand more shares were traded than the day before. In total, 173 thousand shares were bought and sold for approximately $2.62 million.
The stock lies in the middle of a narrow and strong 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 10.31% during the next 3 months and, with a 90% probability hold a price between $16.41 and $17.02 at the end of this 3-month period.
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MFIC Signals & Forecast
The MidCap Financial Investment Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $15.19. On a fall, the stock will find some support from the long-term average at approximately $14.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 19, 2024, and so far it has fallen -0.85%. 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 MidCap Financial Investment Corporation stock
MidCap Financial Investment Corporation finds support from accumulated volume at $14.71 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 $0.200 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: $14.56 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (MFIC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect MidCap Financial Investment Corporation to open at $15.17, and during the day (based on 14 day Average True Range), to move between $14.97 and $15.39, which gives a possible trading interval of +/-$0.209 (+/-1.38%) up or down from last closing price. If MidCap Financial Investment Corporation 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.
Since the stock is closer to the resistance from accumulated volume at $15.25 (0.46%) than the support at $14.71 (3.10%), 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 MidCap Financial Investment Corporation 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 MidCap Financial Investment Corporation stock to perform well in the short-term.
Current score: 2.776 Buy Candidate Unchanged
Predicted Opening Price for MidCap Financial Investment Corporation of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$15.17 ( 0.0878%) | $15.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFIC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.37 | 1.23 % | |
R2 | 15.29 | 0.726 % | ||
R1 | 15.24 | 0.415 % | ||
Current price: | 15.18 | |||
Support | S1 | 15.09 | -0.591 % | |
S2 | 15.04 | -0.90 % | ||
S3 | 14.97 | -1.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.31 | 0.86 % | |
R2 | 15.26 | 0.527 % | ||
R1 | 15.25 | 0.461 % | ||
Current price | 15.18 | |||
Support | S1 | 14.71 | -3.10% | |
S2 | 14.59 | -3.89% | ||
S3 | 14.36 | -5.40% |
MFIC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 26, 2024 | Mar 11, 2024 | Mar 28, 2024 | $0.380 | 2.53% |
2 | Nov 07, 2023 | Dec 11, 2023 | Dec 28, 2023 | $0.380 | 2.75% |
3 | Aug 02, 2023 | Sep 11, 2023 | Sep 28, 2023 | $0.380 | 2.73% |
4 | May 02, 2023 | Jun 12, 2023 | Jun 29, 2023 | $0.380 | 3.01% |
5 | Feb 21, 2023 | Mar 13, 2023 | Mar 30, 2023 | $0.380 | 3.37% |
FAQ
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