Monday May 20, 2019 Change 0.12% Price $8.52
Chart period: 2019-02-21 - 2019-05-20
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will ABDC stock price go up or down on Wed, 22 May 2019?

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Alcentra Capital Corp. Forecast and Stock Analysis

Technical ABDC stock analysis for Monday May 20, 2019.

Buy candidate since 2019-04-17 Gain 8.40%
Shorts n/a
Insider % 1.50%
Institutional % 36.00%
Beta 0.43
ROA 1.50%
Price to book USD 0.76
P/E Ratio 27.90
Next Earnings Date 2019-08-04


Alcentra Capital Corp. gained 0.12% in the last trading day ( Monday, 20th May 2019 ), rising from $8.51 to $8.52 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 0.71% from a day low at $8.48 to a day high of $8.54. The price has risen in 8 of the last 10 days and is up by 2.4% over the past 2 weeks. Volume fell in the last day by -178 shares, and in total, 454 shares bought and sold for approximately $3 868.08. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ABDC stock price was $8.58 and low was $7.80.
  • 90 day high was $8.58 and low was $6.91.
  • 52 week high for the Alcentra Capital Corp. - $8.58 and low - $5.58.

Trend

Alcentra Capital Corp. lies in the middle of a 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 19.51% during the next 3 months and, with 90% probability hold a price between $9.95 and $10.58 at the end of this period.

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Signals

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 $8.45 and $8.12. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 03, 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 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.

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Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $7.59 and $7.54.

There is 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, Alcentra Capital Corp. finds support just below today's level at $7.59. If this is broken, then the next support from accumulated volume will be at $7.54 and $7.50.

Support: $7.59 Price: $8.52

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Since the Alcentra Capital Corp. has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $8.09 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)

1.02 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Will ABDC stock price go up or down
on Wed, 22 May 2019?

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