Main Street Capital Corporation : A downturn could form
Entry price | Target | Stop-loss | Potential |
---|
US$32.28 |
US$0 |
US$33.4 |
+100% |
---|
Main Street Capital could start a technical downward trend after the rebound in the recent sessions.
Concerning fundamentals, analysts have recently revised downward their EPS expectations. This situation often lead to a decrease in prices.
Regarding technical viewpoint after a substantial upturn, the stock now approaches the resistance at USD 32.4, fact that could inverse the tendency. In addition, a high RSI indicator should imply a return close to the short term USD 30.34 support.
The upside seems limited as shown by fundamentals and technical configuration. In contact with the USD 32.4 resistance, a movement of consolidation could lead the stock towards the USD 30.3 mid-term support. As a result, the most aggressive investors could take a short position near USD 32.4 but they need to set a stop loss above this resistance because the crossing of this level would invalidate our scenario.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.