Fri 20'th Jul 2018
Firsthand Technology Value Fund Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||0.08% ( 2018-06-29 )|
Firsthand Technology Value Fund fell by -0.48% in the last day from $14.58 to $14.51 The price has fallen in 7 of the last 10 days and is down by -2.68% for this period. Volume has increased in the last day by 18 928 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 43 391 shares bought and sold for approximately $629 603.00.
Firsthand Technology Value Fund has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $14.84. A reaction back to this level may hold a second chance to get out before further falls.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday July 05, 2018, which indicates further falls until a new bottom pivot has been found. Firsthand Technology Value Fund gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". Firsthand Technology Value Fund holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $14.60. On a fall, the stock will find some support from the long-term average at approximately $14.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Firsthand Technology Value Fund finds support from accumulated volume at $14.44.
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 $0.32 (2.21%) between high and low. For the last week, the stock has had a daily average volatility of 1.67%.
Our recommended stoploss: $13.93 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 11 days ago.)
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Firsthand Technology Value Fund holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.Click for Top 5 Hold/Accumulates
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