Silver Spike Investment Corp. Stock Forecast
Silver Spike Investment Corp. stock price ended at $11.74 on Tuesday, after losing 2.08%.
(Updated on Jun 25, 2024)
The Silver Spike Investment Corp. stock price fell by -2.08% on the last day (Tuesday, 25th Jun 2024) from $11.99 to $11.74. During the last trading day the stock fluctuated 3.10% from a day low at $11.61 to a day high of $11.97. The price has fallen in 5 of the last 10 days and is down by -0.55% for this period. Volume has increased on the last day by 10 thousand 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, 21 thousand shares were bought and sold for approximately $249.33 thousand.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.35% during the next 3 months and, with a 90% probability hold a price between $14.10 and $15.20 at the end of this 3-month period.
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SSIC Signals & Forecast
The Silver Spike Investment Corp. 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 $11.90. On a fall, the stock will find some support from the long-term average at approximately $11.51. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 18, 2024, and so far it has fallen -5.17%. Further fall is indicated until a new bottom pivot has been found. Silver Spike Investment Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Wednesday, April 10, 2024 in the short-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
The stock had a Golden Star Signal on Wednesday, April 10, 2024 in the short-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 Silver Spike Investment Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.07 and $9.86. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Silver Spike Investment Corp. finds support just below today's level at $11.07. If this is broken, then the next support from accumulated volume will be at $9.86 and $9.61.
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 $0.360 (3.10%) between high and low. For the last week, the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: $11.34 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (SSIC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Silver Spike Investment Corp. to open at $11.77, and during the day (based on 14 day Average True Range), to move between $11.42 and $12.06, which gives a possible trading interval of +/-$0.318 (+/-2.71%) up or down from last closing price. If Silver Spike Investment Corp. takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.81 (0.55%) than the support at $11.07 (5.71%), 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 Silver Spike Investment Corp. 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 Silver Spike Investment Corp. stock to perform well in the short-term.
Current score: 1.752 Buy Candidate Unchanged
Predicted Opening Price for Silver Spike Investment Corp. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$11.77 ( 0.284%) | $11.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSIC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.13 | 3.35% |
R2 | 12.00 | 2.18% |
R1 | 11.91 | 1.46% |
Price | 11.74 | |
S1 | 11.64 | -0.89% |
S2 | 11.55 | -1.61% |
S3 | 11.41 | -2.78% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.38 | 5.45% |
R2 | 11.85 | 0.94% |
R1 | 11.81 | 0.554% |
Price | 11.74 | |
S1 | 11.07 | -5.71% |
S2 | 9.86 | -16.01% |
S3 | 9.61 | -18.14% |
SSIC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | Jun 20, 2024 | Jun 28, 2024 | $0.250 | 2.13% |
2 | Mar 08, 2024 | Mar 19, 2024 | Mar 28, 2024 | $0.250 | 2.60% |
3 | Aug 10, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.630 | 6.51% |
FAQ
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