Alcentra Capital Corp. Stock Analysis
Technical stock analysis for 23 January 2019
Alcentra Capital Corp. fell by -0.28% in the last day from $6.70 to $6.68 The price has fallen in 6 of the last 10 days and is down by -3.66% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -6 753 shares and in total 9 453 shares bought and sold for approximately $63 157.40.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the ABDC stock was $6.68. This is 0.28% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.65% from a day low at $6.67 to a day high of $6.78.
30 day high of the ABDC stock price was $7.10 and low was $6.17.
90 day high was $7.10 and low was $5.58.
52 week high for the Alcentra Capital Corp. - $8.39 and low - $5.58.
Alcentra Capital Corp. lies in the middle of a wide and strong 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 13.7% during the next 3 months and, with 90% probability hold a price between $7.35 and $8.42 at the end of this period.
Alcentra Capital Corp. holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $6.78. On a fall, the stock will find some support from the long-term average at approximately $6.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
Alcentra Capital Corp. finds support from accumulated volume at $6.61.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $6.26 (-6.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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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 this stock to perform well in the short-term.