Runway Growth Finance Corp. Stock Forecast
Red day on Friday for Runway Growth Finance Corp.
(Updated on May 10, 2024)
The Runway Growth Finance Corp. stock price fell by -4.38% on the last day (Friday, 10th May 2024) from $12.10 to $11.57. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.91% from a day low at $11.35 to a day high of $11.68. The price has risen in 6 of the last 10 days but is still down by -9.47% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $30.91 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.66% during the next 3 months and, with a 90% probability hold a price between $10.38 and $12.46 at the end of this 3-month period.
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RWAY Signals & Forecast
There are few to no technical positive signals at the moment. The Runway Growth Finance Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.63 and $12.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -12.68%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Runway Growth Finance Corp. stock
Runway Growth Finance Corp. finds support from accumulated volume at $11.56 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 $0.330 (2.91%) between high and low. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RWAY) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Runway Growth Finance Corp. to open at $11.53, and during the day (based on 14 day Average True Range), to move between $11.25 and $11.89, which gives a possible trading interval of +/-$0.323 (+/-2.79%) up or down from last closing price. If Runway Growth Finance Corp. takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.56 (0.09%) than the resistance at $12.12 (4.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Runway Growth Finance Corp. stock A Buy?
Runway Growth Finance Corp. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.730 Sell Candidate Unchanged
Predicted Opening Price for Runway Growth Finance Corp. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $11.53 ( 0.317%) | $11.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RWAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.86 | 2.54 % | |
| R2 | 11.74 | 1.45 % | ||
| R1 | 11.66 | 0.773 % | ||
| Current price: | 11.57 | |||
| Support | S1 | 11.41 | -1.41 % | |
| S2 | 11.33 | -2.08 % | ||
| S3 | 11.20 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.25 | 14.52 % | |
| R2 | 12.32 | 6.48 % | ||
| R1 | 12.12 | 4.75 % | ||
| Current price | 11.57 | |||
| Support | S1 | 11.56 | -0.0864% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
RWAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 09, 2024 | May 24, 2024 | $0.470 | 4.06% |
| 2 | Feb 01, 2024 | Feb 09, 2024 | Feb 28, 2024 | $0.470 | 3.50% |
| 3 | Nov 03, 2023 | Nov 10, 2023 | Nov 28, 2023 | $0.460 | 3.62% |
| 4 | Aug 01, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.450 | 3.45% |
| 5 | May 02, 2023 | May 12, 2023 | May 31, 2023 | $0.450 | 3.92% |
FAQ
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