Stock Crossing Below the 20-Day Moving Average: Main Street Capital Corporation (NYSE:MAIN)

Shares of Main Street Capital Corporation (NYSE:MAIN) have recently crossed below the 20-day moving average. Checking on the current stock price distance from the 20-day MA, we can see that the reading is -0.82%. Using the moving average for technical equity analysis is popular among traders and investors. The moving average may serve as a reference point to help discover buying and selling opportunities. In some cases, MA’s may be used as strong reference points for finding support and resistance levels. Investors will often keep multiple MA time-frames in focus when studying a stock. After a recent check, shares have been seen trading -1.80% away from the 50-day MA. Tracking the 200-day moving average, shares have been trading 5.46% away from that reading.

Investors may be trying to figure out how much risk they are able to handle with their current stock holdings. Taking on too much risk can put unnecessary weight on the shoulders of even the sturdiest investors. On the flip side, investors who play it too safe may be shaking their heads and wondering what might have been. Finding that delicate risk balance can turn out to be the difference between sinking and swimming in the equity markets. It is highly important for investors to understand exactly what risks they are taking when buying and selling stocks. Knowing these risks may help avoid disaster down the line. Once the risk is calculated, investors should have an easier go at narrowing in on finding the right stocks to add to the portfolio. 

During the most recent session, shares of Main Street Capital Corporation (NYSE:MAIN) moved 0.48% from the open. At the time of writing, the stock had just touched 42.17. Checking on the current stock price in relation to some historical highs and lows, we can see that company shares have been seen trading -4.92% off of the 52 week high. On the other end, shares have been noted trading 32.78% off of the 52 week low. Closing in, the stock has been recently seen -4.92% away from the 50 day high and 3.11% separated from the 50 day low.

Covering sell-side analysts have offered price targets and recommendations on Main Street Capital Corporation (NYSE:MAIN). The consensus price target for the company is $40.00. The consensus recommendation provided by analysts is currently 2.70. This number is based on a scale from 1 to 5. Analysts rating the company a 1 or 2 indicate a Buy recommendation. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Analysts rating the company a 3 indicate a Hold recommendation.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.

Charting some historical performance numbers for Main Street Capital Corporation (NYSE:MAIN), we have noted that shares are 0.24% over the last week. If we look back year-to-date, the stock has performed 25.48%. Over the past full-year, shares have performed 12.17%. For the last month, company shares are -3.94%. For the last quarter, the stock has performed 2.90%. Checking on volatility levels, we can see that shares have been recorded at 1.09% for the last week, and 1.36% for the previous month.

Main Street Capital Corporation (NYSE:MAIN) has a beta of 0.79. Beta can be useful to gauge stock price volatility in relation to the broader market. A beta of 0 would represent that the price is not correlated with the market. A positive beta indicates that the stock follows the market. A negative beta means that the stock inversely follows the market. The current 14-day RSI reading on the stock is 44.30. The RSI is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. RSI may be used to identify overbought or oversold conditions. An RSI reading above 70 would be considered overbought, and a value under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.

Many traders and investors opt to study technical analysis when approaching the stock market. Technical analysts study changes in stock price that occur over various amounts of time. Some analysts will study by the minute or hour. Others will choose to zoom out to days, weeks, months, or even longer. Studying price action over different time periods can help provide the investor with valuable information to help make the best possible investing decisions. Keeping an eye on the stock market, it can be seen that certain trends repeat over time. These trends or patterns might not be exact, but they can be noticeable. Spotting these patterns and watching for momentum shifts can be a highly useful tool for any trader or investor. Many chartists will focus on multiple indicators when doing technical analysis. Becoming familiar with indicators and learning to spot trends may take a lot of time and effort to achieve. 

Leave a Reply

Your email address will not be published. Required fields are marked *