Alcentra Capital Corp. Forecast and Stock Analysis
Technical ABDC stock analysis for March 25, 2019.
Alcentra Capital Corp. gained 0.93% in the last trading day, rising from $7.52 to $7.59 The price has been going up and down for this period, and there has been a 1.74% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 605 more shares were traded than the day before. In total, 32 505 shares bought and sold for approximately $246 713.00.
Close price at the end of the last trading day (Monday, 25th Mar 2019) of the ABDC stock was $7.59. This is 0.93% more than the trading day before Friday, 22nd Mar 2019.
During day the stock fluctuated 1.87% from a day low at $7.49 to a day high of $7.63.
30 day high of the ABDC stock price was $7.82 and low was $6.98.
90 day high was $7.82 and low was $6.22.
52 week high for the Alcentra Capital Corp. - $7.82 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 13.69% during the next 3 months and, with 90% probability hold a price between $8.33 and $9.47 at the end of this period.
Only positive signals in the chart today. 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 $7.59. On a fall, the stock will find some support from the long-term average at approximately $7.40. 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 March 22, 2019, which indicates further gains until a new top pivot has been found. Alcentra Capital Corp. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Alcentra Capital Corp. finds support from accumulated volume at $7.54.
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 $0.14 (1.87%) between high and low. For the last week, the stock has had a daily average volatility of 1.89%.
Our recommended stoploss: $7.16 (-5.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Alcentra Capital Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.