Firsthand Technology Value Fund Stock Forecast
Red day on Thursday for Firsthand Technology Value Fund stock after losing 0%
(Updated on Mar 28, 2024)
No changes to the price of Firsthand Technology Value Fund stock on the last trading day (Thursday, 28th 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 15.56% 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 -17.89% during the next 3 months and, with a 90% probability hold a price between $0.153 and $0.235 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.252 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 Wednesday, March 27, 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 2.79%
Our recommended stop-loss: $0.250 (-3.86%) (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 Monday 1st
For the upcoming trading day on Monday, 1st 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 $0.242 and $0.278, which gives a possible trading interval of +/-$0.0184 (+/-7.07%) 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 14.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.235 (9.62%) than the resistance at $0.290 (11.54%), 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 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Firsthand Technology Value Fund of Monday, April 1, 2024
Fair opening price April 1, 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 | 0.311 | 19.43 % | |
R2 | 0.300 | 15.38 % | ||
R1 | 0.290 | 11.54 % | ||
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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