Blackrock Debt Strategies Fund Inc Stock Forecast
Weaker technical forecast for Blackrock Debt Strategies Fund Inc as stock downgraded to Sell Candidate.
(Updated on Apr 22, 2024)
The Blackrock Debt Strategies Fund Inc stock price gained 1.14% on the last trading day (Monday, 22nd Apr 2024), rising from $10.53 to $10.65. During the last trading day the stock fluctuated 0.90% from a day low at $10.56 to a day high of $10.66. The price has risen in 5 of the last 10 days but is still down by -1.66% for this period. Volume fell on the last day by -28 thousand shares and in total, 117 thousand shares were bought and sold for approximately $1.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.22% during the next 3 months and, with a 90% probability hold a price between $9.90 and $10.84 at the end of this 3-month period.
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DSU Signals & Forecast
There are mixed signals in the stock today. The Blackrock Debt Strategies Fund Inc 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 $10.96. On a fall, the stock will find some support from the short-term average at $10.49. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.80%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Thursday, April 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, April 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Blackrock Debt Strategies Fund Inc stock
Blackrock Debt Strategies Fund Inc finds support from accumulated volume at $10.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0950 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSU) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Blackrock Debt Strategies Fund Inc to open at $10.62, and during the day (based on 14 day Average True Range), to move between $10.51 and $10.79, which gives a possible trading interval of +/-$0.138 (+/-1.30%) up or down from last closing price. If Blackrock Debt Strategies Fund Inc takes out the full calculated possible swing range there will be an estimated 2.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.54 (1.03%) than the resistance at $11.06 (3.85%), 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 Debt Strategies Fund Inc stock A Buy?
Blackrock Debt Strategies Fund Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.596 Sell Candidate Downgraded
Predicted Opening Price for Blackrock Debt Strategies Fund Inc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$10.62 ( 0.266%) | $10.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.72 | 0.626 % | |
R2 | 10.68 | 0.285 % | ||
R1 | 10.66 | 0.0747 % | ||
Current price: | 10.65 | |||
Support | S1 | 10.59 | -0.607 % | |
S2 | 10.56 | -0.82 % | ||
S3 | 10.53 | -1.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.19 | 5.07 % | |
R2 | 11.11 | 4.32 % | ||
R1 | 11.06 | 3.85 % | ||
Current price | 10.65 | |||
Support | S1 | 10.54 | -1.03% | |
S2 | 10.39 | -2.44% | ||
S3 | 10.26 | -3.66% |
DSU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0987 | 0.93% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0987 | 0.89% |
3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0987 | 0.89% |
4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0987 | 0.89% |
5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0987 | 0.92% |
FAQ
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