SVVC - Firsthand Technology Value Fund

Industry: Asset Management Sector: Financial Exchange: NASDAQ

SVVC - Firsthand Technology Value Fund

Industry: Asset Management Sector: Financial Exchange: NASDAQ
#78()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.85%
PRICE $16.57
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Firsthand Technology Value Fund Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-12 Gain 5.74%
Shorts 0.73% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta 1.03
ROA 27.89

Firsthand Technology Value Fund gained 0.85% in the last trading day, rising from $16.43 to $16.57 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -0.24% loss for the last 2 weeks. Volume fell in the last day by -4 952 shares, and in total, 22 286 shares bought and sold for approximately $369 279.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Firsthand Technology Value Fund lies in the middle of a wide and strong 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 22.81% during the next 3 months and, with 90% probability hold a price between $18.72 and $22.27 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Firsthand Technology Value Fund 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 $15.88 and $15.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday October 11, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Firsthand Technology Value Fund finds support from accumulated volume at $16.34.

Support: $16.34 Price: $16.57 Resistance: $16.70

Risk

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

Our recommended stoploss: $15.92 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Firsthand Technology Value Fund holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Strong Buy Candidate

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