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SVVC - Firsthand Technology Value Fund

Industry: Asset Management Sector: Financial Exchange: NASDAQ

SVVC - Firsthand Technology Value Fund

Industry: Asset Management Sector: Financial Exchange: NASDAQ
#3463()/6630

Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 1.22%
PRICE $10.78
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Firsthand Technology Value Fund Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Sell candidate since 2018-04-19 Gain 1.22%

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 )
Cash n/a
Loans n/a
Beta 0.93
ROA 16.01

Trend

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.

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Signals

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.

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A sell signal from a double top formation was found on Wednesday April 18, 2018 and based on theory for this formation the price should fall by -0.49% to $10.35 within 6 trading days since signal was issued (Thursday April 26, 2018).

Relative Strength Index (RSI)

RSI14 is 53 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 $10.75. On the upside the stock meets some resistance from accumulated volume at $12.23, $12.34 and $12.53.

Support: $10.75 Price: $10.78 Resistance: $12.23

Risk

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.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Firsthand Technology Value Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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