Bain Capital Specialty Finance Inc. Stock Forecast

Stronger technical forecast for Bain Capital Specialty Finance Inc. stock price after Tuesday trading.
(Updated on Apr 23, 2024)

BCSF Signals & Forecast

Mostly positive signals in the chart today. The Bain Capital Specialty Finance Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $15.79 and $15.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 4.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 24, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Bain Capital Specialty Finance Inc. stock

Bain Capital Specialty Finance Inc. finds support from accumulated volume at $15.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.220 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.40%.

Since the Bain Capital Specialty Finance Inc. has been rising for 6 days in a row, the risk over 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 stop-loss: $15.36 (-5.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (BCSF) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Bain Capital Specialty Finance Inc. to open at $16.19, and during the day (based on 14 day Average True Range), to move between $16.01 and $16.43, which gives a possible trading interval of +/-$0.209 (+/-1.29%) up or down from last closing price. If Bain Capital Specialty Finance Inc. takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.71, some $0.510 (3.14%) from the current price of $16.22, our system finds the risk reward attractive.

Is Bain Capital Specialty Finance Inc. stock A Buy?

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 Bain Capital Specialty Finance Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.290 Buy Candidate Upgraded

Predicted Opening Price for Bain Capital Specialty Finance Inc. of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.