ABDC Forecast and Technical Stock Analysis
Hold candidate since 2019-12-13 PDF
Alcentra Capital Corp. fell by -0.22% in the last day ( Friday, 13th Dec 2019 ) from $9.11 to $9.09 and has now fallen 3 days in a row. During the day the stock fluctuated 1.55% from a day low at $9.06 to a day high of $9.20. The price has been going up and down for this period, and there has been a 1% gain for the last 2 weeks. Volume has increased in the last day by 8 928 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 29 617 shares bought and sold for approximately $269 219.00.
- 30 day high of the ABDC stock price was $9.20 and low was $8.83.
- 90 day high was $9.20 and low was $8.29.
- 52 week high for Alcentra Capital Corp. - $9.40 and low - $6.17.
Alcentra Capital Corp. lies in the middle of a narrow 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 2.45% during the next 3 months and, with 90% probability hold a price between $9.13 and $9.44 at the end of this period.
Alcentra Capital Corp. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $9.06 and $8.99. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday December 11, 2019, which indicates further falls until a new bottom pivot has been found. Alcentra 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".
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Alcentra Capital Corp. finds support from accumulated volume at $9.02.
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 $0.14 (1.55%) between high and low. For the last week, the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: $8.79 (-3.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 day(s) ago.)
1.56 %Average volatility
Very Low Low Medium High Very High
Alcentra Capital Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!