Horizon Technology Finance Corporation Stock Forecast
Red day on Monday for Horizon Technology Finance Corporation
(Updated on Apr 22, 2024)
The Horizon Technology Finance Corporation stock price fell by -0.522% on the last day (Monday, 22nd Apr 2024) from $11.49 to $11.43. During the last trading day the stock fluctuated 0.788% from a day low at $11.42 to a day high of $11.51. The price has been going up and down for this period, and there has been a 0.97% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -90 thousand shares and in total, 204 thousand shares were bought and sold for approximately $2.34 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.45 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.18% during the next 3 months and, with a 90% probability hold a price between $8.36 and $9.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HRZN Signals & Forecast
The Horizon Technology Finance Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.31 and $11.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 2.33%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Horizon Technology Finance Corporation stock
Horizon Technology Finance Corporation finds support from accumulated volume at $11.35 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 $0.0900 between high and low, or 0.788%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $10.78 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (HRZN) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Horizon Technology Finance Corporation to open at $11.45, and during the day (based on 14 day Average True Range), to move between $11.26 and $11.60, which gives a possible trading interval of +/-$0.166 (+/-1.46%) up or down from last closing price. If Horizon Technology Finance Corporation takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.35 (0.70%) than the resistance at $11.70 (2.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Horizon Technology Finance Corporation will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for Horizon Technology Finance Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.60% in the first trading day after earnings release.
Is Horizon Technology Finance Corporation stock A Buy?
Horizon Technology Finance Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.131 Hold/Accumulate Unchanged
Predicted Opening Price for Horizon Technology Finance Corporation of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $11.45 ( 0.204%) | $11.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRZN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.54 | 0.99 % | |
| R2 | 11.51 | 0.691 % | ||
| R1 | 11.49 | 0.505 % | ||
| Current price: | 11.43 | |||
| Support | S1 | 11.42 | -0.0966 % | |
| S2 | 11.40 | -0.282 % | ||
| S3 | 11.36 | -0.583 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.20 | 6.74 % | |
| R2 | 11.94 | 4.46 % | ||
| R1 | 11.70 | 2.36 % | ||
| Current price | 11.43 | |||
| Support | S1 | 11.35 | -0.700% | |
| S2 | 11.25 | -1.57% | ||
| S3 | 11.24 | -1.66% |
HRZN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 14, 2024 | $0.110 | 0.96% |
| 2 | Apr 17, 2024 | Apr 17, 2024 | May 15, 2024 | $0.110 | 0.96% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Apr 16, 2024 | $0.160 | 1.42% |
| 4 | Nov 03, 2023 | Feb 15, 2024 | Mar 15, 2024 | $0.110 | 0.94% |
| 5 | Oct 31, 2023 | Jan 17, 2024 | Feb 14, 2024 | $0.110 | 0.82% |
FAQ
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