MidCap Financial Investment Corporation Stock Forecast
MidCap Financial Investment Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The MidCap Financial Investment Corporation stock price gained 0.85% on the last trading day (Thursday, 9th May 2024), rising from $15.27 to $15.40. During the last trading day the stock fluctuated 1.24% from a day low at $15.36 to a day high of $15.55. The price has risen in 6 of the last 10 days and is up by 2.33% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 197 thousand shares were bought and sold for approximately $3.03 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 upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $15.49 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.82% during the next 3 months and, with a 90% probability hold a price between $16.24 and $16.86 at the end of this 3-month period.
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MFIC Signals & Forecast
The MidCap Financial Investment Corporation 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 $15.31 and $15.05. A breakdown below any of these levels will issue sell signals. 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. 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, May 06, 2024, and so far it has fallen -0.194%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for MidCap Financial Investment Corporation stock
MidCap Financial Investment Corporation finds support from accumulated volume at $15.26 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 $0.190 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: $14.86 (-3.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (MFIC) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect MidCap Financial Investment Corporation to open at $15.44, and during the day (based on 14 day Average True Range), to move between $15.20 and $15.60, which gives a possible trading interval of +/-$0.200 (+/-1.30%) 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 2.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.43 (0.19%) than the support at $15.26 (0.91%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.545 Buy Candidate Upgraded
Predicted Opening Price for MidCap Financial Investment Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $15.44 ( 0.238%) | $15.40 |
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 | 15.63 | 1.47 % | |
| R2 | 15.55 | 1.00 % | ||
| R1 | 15.51 | 0.709 % | ||
| Current price: | 15.40 | |||
| Support | S1 | 15.36 | -0.233 % | |
| S2 | 15.32 | -0.524 % | ||
| S3 | 15.25 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 15.43 | 0.195 % | ||
| Current price | 15.40 | |||
| Support | S1 | 15.26 | -0.91% | |
| S2 | 14.71 | -4.48% | ||
| S3 | 14.59 | -5.26% |
MFIC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 27, 2024 | $0.380 | 2.47% |
| 2 | Feb 26, 2024 | Mar 11, 2024 | Mar 28, 2024 | $0.380 | 2.53% |
| 3 | Nov 07, 2023 | Dec 11, 2023 | Dec 28, 2023 | $0.380 | 2.75% |
| 4 | Aug 02, 2023 | Sep 11, 2023 | Sep 28, 2023 | $0.380 | 2.73% |
| 5 | May 02, 2023 | Jun 12, 2023 | Jun 29, 2023 | $0.380 | 3.01% |
FAQ
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