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Horizon Technology Finance Corp [HRZN] Investment Appeal on the Rise

In a filing, Horizon Technology Finance Corp revealed its President Michaud Gerald A. acquired Company’s shares for reported $42960.0 on Mar 08 ’24. In the deal valued at $11.77 per share,3,650 shares were bought. As a result of this transaction, Michaud Gerald A. now holds 156,244 shares worth roughly $1.84 million.

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Ladenburg Thalmann downgraded its Horizon Technology Finance Corp [HRZN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. Compass Point also remained covering HRZN and has decreased its forecast on October 17, 2023 with a “Sell” recommendation from previously “Neutral” rating. Compass Point revised its rating on September 27, 2023. It rated HRZN as “a Neutral” which previously was an “a Sell”.

Price Performance Review of HRZN

On Tuesday, Horizon Technology Finance Corp [NASDAQ:HRZN] saw its stock fall -0.25% to $11.77. Over the last five days, the stock has lost -2.24%. Horizon Technology Finance Corp shares have fallen nearly -10.25% since the year began. Nevertheless, the stocks have risen 0.33% over the past one year. While a 52-week high of $13.67 was reached on 01/05/24, a 52-week low of $10.66 was recorded on 03/20/24. SMA at 50 days reached $11.67, while 200 days put it at $12.14.

Levels Of Support And Resistance For HRZN Stock

The 24-hour chart illustrates a support level at 11.72, which if violated will result in even more drops to 11.67. On the upside, there is a resistance level at 11.85. A further resistance level may holdings at 11.93. The Relative Strength Index (RSI) on the 14-day chart is 47.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 48.19% indicates the stock is a holding.

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