Fri 20'th Apr 2018
Firsthand Technology Value Fund Stock Analysis
Technical stock analysis for Fri 20'th Apr 2018
Firsthand Technology Value Fund gained 1.22% in the last trading day, rising from $10.65 to $10.78 The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3 826 more shares were traded than the day before. In total, 18 603 shares bought and sold for approximately $200 540.
|Shorts||0.29% ( 2018-03-29 )|
Firsthand Technology Value Fund lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $10.37 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.69% during the next 3 months and, with 90% probability hold a price between $11.79 and $14.94 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 19, 2018, which indicates further gains until a new top pivot has been found. Firsthand Technology Value Fund 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Firsthand Technology Value Fund holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $11.27. On a fall, the stock will find some support from the short-term average at $10.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Firsthand Technology Value Fund finds support from accumulated volume at $10.75. On the upside the stock meets some resistance from accumulated volume at $12.23, $12.34 and $12.53.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.12 between high and low, or 1.13%. For the last week, the stock has had a daily average volatility of 2.25%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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