Suro Capital Corp. 6.00% Notes Due 2026 Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Suro Capital Corp. 6.00% Notes Due 2026 stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Suro Capital Corp. 6.00% Notes Due 2026 stock price gained 0.208% on the last trading day (Friday, 28th Jun 2024), rising from $24.06 to $24.11. During the last trading day the stock fluctuated 0.752% from a day low at $23.93 to a day high of $24.11. The price has risen in 5 of the last 10 days but is still down by -0.25% for this period. Volume fell on the last day by -95 shares and in total, 405 shares were bought and sold for approximately $9.76 thousand. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Suro Capital Corp. 6.00% Notes Due 2026 stock with a 90% probability to be traded between $24.08 and $24.56 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SSSSL Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.0829%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Suro Capital Corp. 6.00% Notes Due 2026 stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.06 and $24.07. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, May 07, 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 Tuesday, May 07, 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 Suro Capital Corp. 6.00% Notes Due 2026 stock
Suro Capital Corp. 6.00% Notes Due 2026 finds support from accumulated volume at $24.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.180 between high and low, or 0.752%. For the last week the stock has had daily average volatility of 0.151%
Our recommended stop-loss: $23.25 (-3.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (SSSSL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Suro Capital Corp. 6.00% Notes Due 2026 to open at $24.05, and during the day (based on 14 day Average True Range), to move between $23.98 and $24.24, which gives a possible trading interval of +/-$0.129 (+/-0.54%) up or down from last closing price. If Suro Capital Corp. 6.00% Notes Due 2026 takes out the full calculated possible swing range there will be an estimated 1.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.12 (0.04%) than the support at $24.00 (0.46%), 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 Suro Capital Corp. 6.00% Notes Due 2026 stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.231 Buy Candidate Upgraded
Predicted Opening Price for Suro Capital Corp. 6.00% Notes Due 2026 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.05 ( 0.249%) | $24.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSSSL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.23 | 0.498% |
| R2 | 24.16 | 0.213% |
| R1 | 24.12 | 0.0363% |
| Price | 24.11 | |
| S1 | 23.98 | -0.534% |
| S2 | 23.94 | -0.710% |
| S3 | 23.87 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.19 | 0.332% |
| R2 | 24.16 | 0.207% |
| R1 | 24.12 | 0.0415% |
| Price | 24.11 | |
| S1 | 24.00 | -0.456% |
| S2 | 23.98 | -0.539% |
| S3 | 23.96 | -0.622% |
SSSSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 30, 2024 | $0.375 | 1.56% |
| 2 | Mar 11, 2024 | Mar 14, 2024 | Mar 30, 2024 | $0.375 | 1.56% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 30, 2023 | $0.375 | 1.58% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Sep 30, 2023 | $0.375 | 1.61% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.375 | 1.62% |
FAQ
Click here for our free guide on how to buy Suro Capital Corp. 6.00% Notes Due 2026 Stock.
