Alcentra Capital Corp. Forecast and Stock Analysis
Technical ABDC stock analysis for Monday May 20, 2019.
|Price to book||USD 0.76|
|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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
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.
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
Very Low Low Medium High Very High
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.
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