Fri 23'rd Feb 2018
Source Capital Inc Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||0.21% ( 2018-01-31 )|
Source Capital Inc lies in the middle of a weak 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 3.64% during the next 3 months and, with 90% probability hold a price between $41.84 and $44.75 at the end of this period.
Source Capital Inc holds buy signals from both short- and long-term moving averages, 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 $41.21 and $41.49. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 08, 2018, which indicates further gains until a new top pivot has been found. Source Capital Inc 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 54 and the stock is currently not being overbought or oversold
Support & Resistance
Source Capital Inc finds support from accumulated volume at $41.15. On the upside the stock meets some resistance just above today's level from accumulated volume at $42.02, $42.15 and $42.17.
The stock is about to test the resistance from accumulated volume at $42.02 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.38 (0.93%) between high and low. For the last week, the stock has had a daily average volatility of 0.68%.
Our recommended stoploss: $39.29 (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)
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