SOR NEWS why is Source Capital, Inc. price falling or rising

SOR NEWS reasons for why stock price of Source Capital, Inc. is falling or rising

SOR Source Capital is falling or rising technical reasons

Technical analysis forecast of Source Capital Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Source Capital SOR at this time. Stock is rising and might rise more.

It appears as if Source Capital SOR gave a large move recently.

Stock of Source Capital (SOR) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Source Capital is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Source Capital stays above 42.9, but if it comes below 42.9, then a intra day sell could be more profitable.
If you take a sell trade below 42.9, then use 42.9 as stoploss and 42.26 as target. However if you take a buy trade in Source Capital, then use 42.9 as stoploss and 43.6 as target.

SOR Source Capital is falling or rising NEWS fundamental reasons

Japan's Mizuho hires Sanjay Nayar as advisor for Mizuho Bank India An active player in the Indian financial services space, Mizuho has already infused about 0 million (₹4,100 crore) into its India bank branches. Mizuho made an investment of 5 million for a 15% equity stake in credit card issuer Credit Saison’s I - NEWS as on 2024-05-17 indiatimes.com

More announcements and NEWS

SOR Source Capital, Inc. current price & indicator signals

Moving Averages for Source Capital, Inc.

  • 5Day Average: 42.85
  • 12Day Average: 42.38
  • 20Day Average: 42.04
  • 50Day Average: 41.95
  • 100Day Average: 41.19
  • 150Day Average: 40.59
  • 200Day Average: 40.14

SOR Indicators & signals

Indicator MACD (12,26,9)

42.51, 42.15, 0.19
Indicator MACD is in positive zone

Indicator ADX (14)

30, 22.41, 12.07
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SOR Source Capital, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 43.09 42.40 to 43.53 -1.4% 2.98 times
16 Thu May 2024 43.70 42.17 to 43.76 2.37% 3.55 times
15 Wed May 2024 42.69 42.07 to 42.69 0.57% 0.98 times
14 Tue May 2024 42.45 42.40 to 42.50 0.28% 0.59 times
13 Mon May 2024 42.33 42.20 to 42.49 0.02% 0.62 times
10 Fri May 2024 42.32 42.26 to 42.56 0.05% 1.01 times
09 Thu May 2024 42.30 42.22 to 42.32 0.24% 0.65 times
08 Wed May 2024 42.20 41.80 to 42.30 0.79% 0.88 times
07 Tue May 2024 41.87 41.75 to 42.05 -0.21% 0.58 times
06 Mon May 2024 41.96 41.69 to 42.25 0.33% 0.84 times
03 Fri May 2024 41.82 41.82 to 42.00 0.07% 0.3 times
02 Thu May 2024 41.79 41.65 to 42.12 -0.05% 0.91 times

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