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SOR - Source Capital Inc

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE

SOR - Source Capital Inc

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE
#1706()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -0.02%
PRICE $40.60
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Source Capital Inc Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-15

Source Capital Inc fell by -0.02% in the last day from $40.61 to $40.60 The price has risen in 6 of the last 10 days and is up by 1.5% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -452 shares and in total 4 434 shares bought and sold for approximately $0.00.

Shorts 0.16% ( 2018-05-31 )
Cash n/a
Loans n/a
Beta 0.84
ROA 12.52

Trend

Source Capital Inc is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $40.78 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Source Capital Inc with 90% probability to be traded between $39.42 and $40.90 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

Source Capital Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $40.46 and $40.25. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday June 14, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

The stock had a Golden Star Signal* on Monday June 04, 2018 in the short-term chart.

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

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Thursday June 14, 2018 and based on theory for this formation the price should fall by -0.43% to $40.32 within 14 trading days since signal was issued (Thursday July 05, 2018).

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Source Capital Inc finds support from accumulated volume at $40.00.

Support: $40.00 Price: $40.60 Resistance: $40.63

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $38.98 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals 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 period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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