SVVC - Firsthand Technology Value Fund Tue 24'th Jan 2017
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Sell candidate since 2017-01-17
Firsthand Technology Value Fund Stock Analysis
No changes to the price of Firsthand Technology Value Fund in the last trading day. The price has been going up and down for this period, and there has been a -1.03% loss for the last 2 weeks.
Firsthand Technology Value Fund is the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break up through the bottom trend line at USD 7.62 will give a strong salessignal and a trend shift may be expected. Given the current horizontal trend you can expect Firsthand Technology Value Fund with 90% probability to be traded between USD 7.50 and USD 8.11 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.
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. Firsthand Technology Value Fund holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 7.76 and USD 7.90. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 13, 2017, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Firsthand Technology Value Fund finds support from accumulated volume at USD 7.69, USD 7.68, and USD 7.67. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 7.78, USD 7.97 and USD 8.00.
The stock is about to test the resistance from accumulated volume at USD 7.78 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 USD 0.09 (1.18%) between high and low. For the last week, the stock has had a daily average volatility of 1.64%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Firsthand Technology Value Fund holds several negative signals and is within a wide and falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.