Blackstone Secured Lending Fund Stock Forecast
Green day on Monday for Blackstone Secured Lending Fund stock after gaining 0.261%
(Updated on May 20, 2024)
The Blackstone Secured Lending Fund stock price gained 0.261% on the last trading day (Monday, 20th May 2024), rising from $30.62 to $30.70. During the last trading day the stock fluctuated 0.95% from a day low at $30.63 to a day high of $30.92. The price has fallen in 7 of the last 10 days and is down by -5.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 thousand more shares were traded than the day before. In total, 923 thousand shares were bought and sold for approximately $28.33 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.61 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.57% during the next 3 months and, with a 90% probability hold a price between $32.62 and $34.98 at the end of this 3-month period.
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BXSL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.524%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackstone Secured Lending Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.92 and $31.30. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Blackstone Secured Lending Fund stock
Blackstone Secured Lending Fund finds support from accumulated volume at $30.58 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.290 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BXSL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Blackstone Secured Lending Fund to open at $30.75, and during the day (based on 14 day Average True Range), to move between $30.21 and $31.19, which gives a possible trading interval of +/-$0.489 (+/-1.59%) up or down from last closing price. If Blackstone Secured Lending Fund takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.58 (0.39%) than the resistance at $30.90 (0.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blackstone Secured Lending Fund stock A Buy?
The Blackstone Secured Lending Fund stock holds several negative signals and despite the positive trend, we believe Blackstone Secured Lending Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.561 Sell Candidate Unchanged
Predicted Opening Price for Blackstone Secured Lending Fund of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $30.75 ( 0.163%) | $30.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BXSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.04 | 1.11 % | |
| R2 | 30.93 | 0.747 % | ||
| R1 | 30.86 | 0.524 % | ||
| Current price: | 30.70 | |||
| Support | S1 | 30.64 | -0.198 % | |
| S2 | 30.57 | -0.421 % | ||
| S3 | 30.46 | -0.782 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.73 | 3.36 % | |
| R2 | 31.15 | 1.47 % | ||
| R1 | 30.90 | 0.651 % | ||
| Current price | 30.70 | |||
| Support | S1 | 30.58 | -0.391% | |
| S2 | 30.54 | -0.521% | ||
| S3 | 30.39 | -1.01% |
BXSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 26, 2024 | $0.770 | 2.51% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.770 | 2.40% |
| 3 | Nov 08, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.770 | 2.69% |
| 4 | Jun 20, 2023 | Sep 28, 2023 | Oct 26, 2023 | $0.770 | 2.81% |
| 5 | May 10, 2023 | Jun 29, 2023 | Jul 27, 2023 | $0.700 | 2.48% |
FAQ
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