Firsthand Technology Value Fund Stock Forecast
Is Firsthand Technology Value Fund stock still a buy after falling -5.30% on Wednesday?
(Updated on Apr 24, 2024)
The Firsthand Technology Value Fund stock price fell by -5.30% on the last day (Wednesday, 24th Apr 2024) from $0.246 to $0.233. During the last trading day the stock fluctuated 0% from a day low at $0.233 to a day high of $0.233. The price has risen in 4 of the last 10 days but is still down by -0.09% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 393 shares were bought and sold for approximately $91.41 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.69% during the next 3 months and, with a 90% probability hold a price between $0.172 and $0.255 at the end of this 3-month period.
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SVVC Signals & Forecast
There are few to no technical positive signals at the moment. The Firsthand Technology Value Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.237 and $0.238. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -10.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Firsthand Technology Value Fund stock
Firsthand Technology Value Fund finds support from accumulated volume at $0.232 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SVVC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Firsthand Technology Value Fund to open at $0.233, and during the day (based on 14 day Average True Range), to move between $0.221 and $0.245, which gives a possible trading interval of +/-$0.0120 (+/-5.17%) up or down from last closing price. If Firsthand Technology Value Fund takes out the full calculated possible swing range there will be an estimated 10.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.232 (0.09%) than the resistance at $0.239 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Firsthand Technology Value Fund stock A Buy?
Firsthand Technology Value Fund holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.763 Sell Candidate Downgraded
Predicted Opening Price for Firsthand Technology Value Fund of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$0.233 ( 0%) | $0.233 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVVC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.233 | . | |
R2 | 0.233 | . | ||
R1 | 0.233 | . | ||
Current price: | 0.233 | |||
Support | S1 | 0.233 | . | |
S2 | 0.233 | . | ||
S3 | 0.233 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.290 | 24.68 % | |
R2 | 0.260 | 11.78 % | ||
R1 | 0.239 | 2.73 % | ||
Current price | 0.233 | |||
Support | S1 | 0.232 | -0.0860% | |
S2 | 0.230 | -1.12% | ||
S3 | 0.226 | -2.79% |
SVVC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 23, 2018 | Dec 12, 2018 | Dec 21, 2018 | $0.0340 | 0.345% |
2 | Nov 25, 2014 | Dec 03, 2014 | Dec 11, 2014 | $2.86 | 15.51% |
3 | Oct 20, 2014 | Oct 29, 2014 | Nov 06, 2014 | $3.00 | 13.41% |
4 | Dec 03, 2013 | Dec 16, 2013 | Dec 23, 2013 | $0.317 | 1.35% |
FAQ
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