0% commission for ETF tradesSolar Capital Ltd. Stock Forecast
AI Analysis of SLRC
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Red day on Friday for Solar Capital Ltd. stock after losing 1.35%
(Updated on Sep 13, 2024)
The Solar Capital Ltd. stock price fell by -1.35% on the last day (Friday, 13th Sep 2024) from $15.60 to $15.39. During the last trading day the stock fluctuated 0.85% from a day low at $15.26 to a day high of $15.39. The price has fallen in 6 of the last 10 days and is down by -2.22% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 thousand shares and in total, 168 thousand shares were bought and sold for approximately $2.58 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 -4.22% during the next 3 months and, with a 90% probability hold a price between $13.74 and $15.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SLRC Signals & Forecast
There are few to no technical positive signals at the moment. The Solar Capital Ltd. 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 $15.62 and $15.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, August 30, 2024, and so far it has fallen -3.45%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Solar Capital Ltd. stock
Solar Capital Ltd. finds support from accumulated volume at $15.36 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 $0.130 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SLRC) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect Solar Capital Ltd. to open at $15.35, and during the day (based on 14 day Average True Range), to move between $15.18 and $15.60, which gives a possible trading interval of +/-$0.210 (+/-1.37%) up or down from last closing price. If Solar Capital Ltd. takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.36 (0.19%) than the resistance at $15.85 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Solar Capital Ltd. stock A Buy?
Solar Capital Ltd. 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.
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Current score: -4.781 Sell Candidate Unchanged
Predicted Opening Price for Solar Capital Ltd. of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $15.35 ( 0.282%) | $15.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLRC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.48 | 0.563% |
| R2 | 15.43 | 0.240% |
| R1 | 15.40 | 0.0411% |
| Price | 15.39 | |
| S1 | 15.30 | -0.604% |
| S2 | 15.27 | -0.80% |
| S3 | 15.22 | -1.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.98 | 3.83% |
| R2 | 15.97 | 3.77% |
| R1 | 15.85 | 2.99% |
| Price | 15.39 | |
| S1 | 15.36 | -0.195% |
| S2 | 15.10 | -1.88% |
| S3 | 14.66 | -4.74% |
SLRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 07, 2024 | Sep 13, 2024 | Sep 27, 2024 | $0.410 | 2.66% |
| 2 | May 08, 2024 | Jun 13, 2024 | Jun 27, 2024 | $0.410 | 2.54% |
| 3 | Feb 27, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.410 | 2.67% |
| 4 | Nov 07, 2023 | Dec 13, 2023 | Dec 28, 2023 | $0.410 | 2.69% |
| 5 | Sep 05, 2023 | Sep 19, 2023 | Sep 28, 2023 | $0.137 | 0.89% |
FAQ
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