Alcentra Capital Corp. Stock Analysis
Technical stock analysis for Tue 15'th Jan 2019
Alcentra Capital Corp. fell by -0.94% in the last day from $6.91 to $6.84 The price has risen in 7 of the last 10 days and is up by 5.72% over the past 2 weeks. Volume has increased in the last day by 105 278 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, 124 112 shares bought and sold for approximately $848 926.00.
Close price at the end of the last trading day (Tuesday, 15th Jan 2019) of the ABDC stock was $6.84. This is 0.94% less than the trading day before Monday, 14th Jan 2019.
During day the stock fluctuated 0.29% from a day low at $6.83 to a day high of $6.85.
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. - $8.88 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 15.13% during the next 3 months and, with 90% probability hold a price between $7.41 and $8.48 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 $6.88. On a fall, the stock will find some support from the long-term average at approximately $6.59. 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 Thursday January 10, 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. 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-off's".
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Alcentra Capital Corp. finds support from accumulated volume at $6.61.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.02 (0.29%) between high and low. For the last week, the stock has had a daily average volatility of 2.78%.
Our recommended stoploss: $6.51 (-4.81%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 3 days ago.)
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.