Tech Nozzle

Main Menu

  • Home
  • Technology advancement
  • Technology growth
  • Technology market
  • Technology partners

Tech Nozzle

Header Banner

Tech Nozzle

  • Home
  • Technology advancement
  • Technology growth
  • Technology market
  • Technology partners
Technology growth
Home›Technology growth›Hercules Technology Growth Capital becomes oversold

Hercules Technology Growth Capital becomes oversold

By Mary A. Jenny
November 30, 2021
0
0

Jhe Dividend Channel’s DividendRank formula ranks a coverage universe of thousands of dividend-paying stocks, using a proprietary formula designed to identify stocks that combine two important characteristics: strong fundamentals and a valuation that appears inexpensive. Hercules Technology Growth Capital (Symbol: HTGC) currently holds a stellar rank, in the top 10% of the coverage universe, suggesting that it is among the most “interesting” ideas that deserve further research from the from investors.

But making Hercules Technology Growth Capital an even more interesting and timely stock to watch is the fact that during Tuesday’s trading, HTGC shares entered oversold territory, changing hands as low as 16.36. $ per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered oversold if the RSI reading falls below 30. In the case of Hercules Technology Growth Capital, the RSI reading reached 28.5 – in comparison, the universe of dividend stocks covered by the Dividend Channel currently has an average RSI of 40, 3. A decline in stock prices – all things being equal – creates a better opportunity for dividend investors to capture a higher yield. Indeed, HTGC’s recent annualized dividend of 1.32/share (currently paid in quarterly installments) corresponds to an annual return of 7.98% based on the recent share price of $16.54.

A bullish investor might view HTGC’s RSI of 28.5 today as a sign that the recent strong sell-offs are running out and starting to look for entry point opportunities on the buy side. Among the fundamental data points dividend investors should investigate to decide if they are bullish on HTGC is its dividend history. In general, dividends are not always predictable; However, examining the chart below can help determine if the most recent dividend is likely to continue.

Click here to find out what 9 other oversold dividend stocks you need to know »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Categories

  • Technology advancement
  • Technology growth
  • Technology market
  • Technology partners

Recent Posts

  • Environmental technology market size at a value of USD 783 billion by
  • Nano-Biosensor Market Research: Methodology and Rapid Technology Growth Will Drive Industry Revenue: Analog Devices, Robert Bosch, Denso, Omron, Roche Nimblegen
  • New Strategic Report on Driving Simulators Market 2022: Technological Advancements, Impressive CAGR of 5.91%, Emerging Trends by 2029 | Applied intuition, parallel domain
  • Healthcare Nanotechnology Market Revenue to Increase in Next 10 Years with Rapid Adoption in Major Industries: Fact.MR
  • Electric Vehicle (EV) Market Growth, Demand and Prospects for Technological Advancement in Automotive Sector 2022-2030

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • September 2020
  • July 2020
  • January 2020
  • November 2012
  • March 2012
  • July 2011
  • Privacy Policy
  • Terms and Conditions