BLACKROCK INTERNATIONAL LTD Stock Forecast
BLACKROCK INTERNATIONAL LTD stock price up 0.96% on Tuesday
(Updated on Apr 23, 2024)
The BLACKROCK INTERNATIONAL LTD stock price gained 0.96% on the last trading day (Tuesday, 23rd Apr 2024), rising from $5.21 to $5.26. During the last trading day the stock fluctuated 0.96% from a day low at $5.23 to a day high of $5.28. The price has fallen in 5 of the last 10 days and is down by -2.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 198 thousand shares were bought and sold for approximately $1.04 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BLACKROCK INTERNATIONAL LTD stock with a 90% probability to be traded between $5.14 and $5.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BGY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.53%. Further rise is indicated until a new top pivot has been found. BLACKROCK INTERNATIONAL LTD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BLACKROCK INTERNATIONAL LTD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.38. On a fall, the stock will find some support from the short-term average at $5.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BLACKROCK INTERNATIONAL LTD stock
BLACKROCK INTERNATIONAL LTD finds support from accumulated volume at $5.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0500 (0.96%) between high and low. For the last week, the stock has had daily average volatility of 0.93%.
Our recommended stop-loss: $4.98 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BGY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect BLACKROCK INTERNATIONAL LTD to open at $5.26, and during the day (based on 14 day Average True Range), to move between $5.20 and $5.32, which gives a possible trading interval of +/-$0.0641 (+/-1.22%) up or down from last closing price. If BLACKROCK INTERNATIONAL LTD takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.25 (0.19%) than the resistance at $5.28 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BLACKROCK INTERNATIONAL LTD stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for BLACKROCK INTERNATIONAL LTD stock to perform well in the short-term period.
Current score: 1.685 Buy Candidate Unchanged
Predicted Opening Price for BLACKROCK INTERNATIONAL LTD of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $5.26 ( 0.0634%) | $5.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.31 | 0.89 % | |
| R2 | 5.29 | 0.524 % | ||
| R1 | 5.28 | 0.300 % | ||
| Current price: | 5.26 | |||
| Support | S1 | 5.24 | -0.426 % | |
| S2 | 5.23 | -0.651 % | ||
| S3 | 5.21 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.36 | 1.90 % | |
| R2 | 5.30 | 0.760 % | ||
| R1 | 5.28 | 0.380 % | ||
| Current price | 5.26 | |||
| Support | S1 | 5.25 | -0.190% | |
| S2 | 5.20 | -1.14% | ||
| S3 | 5.15 | -2.09% |
BGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0338 | 0.643% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0338 | 0.611% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0338 | 0.633% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0338 | 0.640% |
| 5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0338 | 0.646% |
FAQ
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