Sutter Rock Capital Corp. Stock Forecast
Sutter Rock Capital Corp. stock price down 0.525% on Tuesday
(Updated on Apr 30, 2024)
The Sutter Rock Capital Corp. stock price fell by -0.525% on the last day (Tuesday, 30th Apr 2024) from $3.81 to $3.79. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.99% from a day low at $3.75 to a day high of $3.82. The price has fallen in 7 of the last 10 days and is down by -4.05% for this period. Volume has increased on the last day by 3 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, 28 thousand shares were bought and sold for approximately $106.61 thousand.
The stock lies in the middle of a very wide and 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 2.72% during the next 3 months and, with a 90% probability hold a price between $3.60 and $4.90 at the end of this 3-month period.
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SSSS Signals & Forecast
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. The Sutter Rock Capital Corp. 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 $3.83 and $4.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -19.70%. Further fall is indicated until a new bottom pivot has been found. Sutter Rock Capital 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".
Support, Risk & Stop-loss for Sutter Rock Capital Corp. stock
Sutter Rock Capital Corp. finds support from accumulated volume at $3.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0746 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 1.72%.
Sutter Rock Capital Corp. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SSSS) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Sutter Rock Capital Corp. to open at $3.79, and during the day (based on 14 day Average True Range), to move between $3.69 and $3.89, which gives a possible trading interval of +/-$0.0979 (+/-2.58%) up or down from last closing price. If Sutter Rock Capital Corp. takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.65 (3.69%) than the resistance at $4.08 (7.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sutter Rock Capital Corp. stock A Buy?
The Sutter Rock Capital Corp. stock holds several negative signals and despite the positive trend, we believe Sutter Rock Capital Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.115 Sell Candidate Unchanged
Predicted Opening Price for Sutter Rock Capital Corp. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $3.79 ( 0.0475%) | $3.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSSS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.86 | 1.92 % | |
| R2 | 3.83 | 1.17 % | ||
| R1 | 3.82 | 0.704 % | ||
| Current price: | 3.79 | |||
| Support | S1 | 3.76 | -0.799 % | |
| S2 | 3.74 | -1.26 % | ||
| S3 | 3.71 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.35 | 14.78 % | |
| R2 | 4.23 | 11.61 % | ||
| R1 | 4.08 | 7.65 % | ||
| Current price | 3.79 | |||
| Support | S1 | 3.65 | -3.69% | |
| S2 | 3.63 | -4.22% | ||
| S3 | 3.39 | -10.55% |
SSSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 09, 2022 | Mar 24, 2022 | Apr 15, 2022 | $0.110 | 1.24% |
| 2 | Dec 20, 2021 | Dec 30, 2021 | Jan 14, 2022 | $0.750 | 5.81% |
| 3 | Nov 05, 2021 | Nov 16, 2021 | Dec 30, 2021 | $2.00 | 15.56% |
| 4 | Aug 05, 2021 | Aug 17, 2021 | Sep 30, 2021 | $2.25 | 17.43% |
| 5 | May 05, 2021 | May 17, 2021 | Jun 30, 2021 | $2.50 | 18.53% |
FAQ
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