Prospect Capital Corporation Stock Forecast
Prospect Capital Corporation stock price up 0.182% on Wednesday
(Updated on Jul 03, 2024)
The Prospect Capital Corporation stock price gained 0.182% on the last trading day (Wednesday, 3rd Jul 2024), rising from $5.50 to $5.51. During the last trading day the stock fluctuated 1.00% from a day low at $5.49 to a day high of $5.54. The price has fallen in 6 of the last 10 days and is down by -1.96% for this period. Volume fell on the last day by -570 thousand shares and in total, 910 thousand shares were bought and sold for approximately $5.01 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 4.54% during the next 3 months and, with a 90% probability hold a price between $5.62 and $6.06 at the end of this 3-month period.
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PSEC Signals & Forecast
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. The Prospect Capital Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.52 and $5.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -3.16%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Prospect Capital Corporation stock
Prospect Capital Corporation finds support from accumulated volume at $5.47 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 $0.0550 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PSEC) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Prospect Capital Corporation to open at $5.51, and during the day (based on 14 day Average True Range), to move between $5.43 and $5.59, which gives a possible trading interval of +/-$0.0781 (+/-1.42%) up or down from last closing price. If Prospect Capital Corporation 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.
Since the stock is closer to the support from accumulated volume at $5.47 (0.73%) than the resistance at $5.59 (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Prospect Capital Corporation stock A Buy?
The Prospect Capital Corporation stock holds several negative signals and despite the positive trend, we believe Prospect Capital Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.732 Sell Candidate Unchanged
Predicted Opening Price for Prospect Capital Corporation of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $5.51 ( 0.0302%) | $5.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSEC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.57 | 1.03% |
| R2 | 5.55 | 0.647% |
| R1 | 5.53 | 0.412% |
| Price | 5.51 | |
| S1 | 5.49 | -0.351% |
| S2 | 5.48 | -0.587% |
| S3 | 5.46 | -0.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.66 | 2.72% |
| R2 | 5.62 | 2.00% |
| R1 | 5.59 | 1.45% |
| Price | 5.51 | |
| S1 | 5.47 | -0.726% |
| S2 | 5.45 | -1.18% |
| S3 | 5.24 | -4.90% |
PSEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 28, 2024 | Aug 28, 2024 | Sep 19, 2024 | $0.0600 | 1.09% |
| 2 | Jul 29, 2024 | Jul 29, 2024 | Aug 21, 2024 | $0.0600 | 1.09% |
| 3 | May 08, 2024 | Jul 28, 2024 | Aug 21, 2024 | $0.0600 | 1.09% |
| 4 | May 07, 2024 | Jun 26, 2024 | Jul 18, 2024 | $0.0600 | 1.09% |
| 5 | May 08, 2024 | Jun 25, 2024 | Jul 18, 2024 | $0.0600 | 1.09% |
FAQ
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