Firsthand Technology Value Fund Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Firsthand Technology Value Fund stock price down 0% on Wednesday
(Updated on Mar 27, 2024)
No changes to the price of Firsthand Technology Value Fund stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $0.260 to a day high of $0.260. The price has been going up and down for this period, and there has been a 5.65% gain for the last 2 weeks.
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 -18.34% during the next 3 months and, with a 90% probability hold a price between $0.152 and $0.233 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SVVC Signals & Forecast
The Firsthand Technology Value Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.245 and $0.248. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Firsthand Technology Value Fund stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.235 and $0.230. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Firsthand Technology Value Fund finds support just below today's level at $0.235. If this is broken, then the next support from accumulated volume will be at $0.230 and $0.226.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 5.57%
Our recommended stop-loss: $0.250 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SVVC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Firsthand Technology Value Fund to open at $0.260, and during the day (based on 14 day Average True Range), to move between $0.240 and $0.280, which gives a possible trading interval of +/-$0.0198 (+/-7.63%) 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 15.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.283 (8.67%) than the support at $0.235 (9.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Firsthand Technology Value Fund stock A Buy?
Firsthand Technology Value Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.080 Hold/Accumulate Unchanged
Predicted Opening Price for Firsthand Technology Value Fund of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.260 ( 0%) | $0.260 |
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 | 0.260 | . | |
R2 | 0.260 | . | ||
R1 | 0.260 | . | ||
Current price: | 0.260 | |||
Support | S1 | 0.260 | . | |
S2 | 0.260 | . | ||
S3 | 0.260 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.300 | 15.38 % | |
R2 | 0.290 | 11.54 % | ||
R1 | 0.283 | 8.67 % | ||
Current price | 0.260 | |||
Support | S1 | 0.235 | -9.62% | |
S2 | 0.230 | -11.54% | ||
S3 | 0.226 | -13.04% |
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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