NewStar Financial Fund Forecast
NewStar Financial fund price ended at $11.98 on Tuesday, after losing 0%.
(Updated on Jan 16, 2018)
No changes to the price of NewStar Financial fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $11.98 to a day high of $11.98. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between $11.20 and $11.85 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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NEWS Signals & Forecast
The NewStar Financial fund 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 $11.98 and $11.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, January 15, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NewStar Financial fund
NewStar Financial finds support from accumulated volume at $11.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEWS) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect NewStar Financial to open at $11.98, and during the day (based on 14 day Average True Range), to move between $11.92 and $12.04, which gives a possible trading interval of +/-$0.0604 (+/-0.50%) up or down from last closing price. If NewStar Financial takes out the full calculated possible swing range there will be an estimated 1.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.02 (0.33%) than the support at $11.80 (1.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NewStar Financial fund A Buy?
NewStar Financial holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -1.363 Sell Candidate Unchanged
Predicted Opening Price for NewStar Financial of Wednesday, January 17, 2018
| Fair opening price January 17, 2018 | Current price |
|---|---|
| $11.98 ( 0.00000000%) | $11.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEWS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.98 | 0.00000000 % | |
| R2 | 11.98 | 0.00000000 % | ||
| R1 | 11.98 | 0.00000000 % | ||
| Current price: | 11.98 | |||
| Support | S1 | 11.98 | 0.00000000 % | |
| S2 | 11.98 | 0.00000000 % | ||
| S3 | 11.98 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.10 | 1.00 % | |
| R2 | 12.04 | 0.501 % | ||
| R1 | 12.02 | 0.334 % | ||
| Current price | 11.98 | |||
| Support | S1 | 11.80 | -1.50% | |
| S2 | 11.72 | -2.17% | ||
| S3 | 11.63 | -2.92% |
FAQ
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