BalckRock Taxable Municipal Bond Trust Stock Forecast
Red day on Thursday for BalckRock Taxable Municipal Bond Trust
(Updated on Apr 18, 2024)
The BalckRock Taxable Municipal Bond Trust stock price fell by -0.384% on the last day (Thursday, 18th Apr 2024) from $15.64 to $15.58. During the last trading day the stock fluctuated 0.741% from a day low at $15.53 to a day high of $15.64. The price has fallen in 8 of the last 10 days and is down by -3.53% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 159 thousand shares were bought and sold for approximately $2.48 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.64% during the next 3 months and, with a 90% probability hold a price between $14.60 and $15.47 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BBN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.516%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BalckRock Taxable Municipal Bond Trust 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 $15.63 and $16.25. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BalckRock Taxable Municipal Bond Trust stock
BalckRock Taxable Municipal Bond Trust finds support from accumulated volume at $15.52 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 $0.115 (0.741%) between high and low. For the last week, the stock has had daily average volatility of 0.84%.
BalckRock Taxable Municipal Bond Trust is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $14.59 (-6.37%) (This stock has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BBN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect BalckRock Taxable Municipal Bond Trust to open at $15.58, and during the day (based on 14 day Average True Range), to move between $15.42 and $15.74, which gives a possible trading interval of +/-$0.156 (+/-1.00%) up or down from last closing price. If BalckRock Taxable Municipal Bond Trust takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.52 (0.39%) than the resistance at $16.15 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BalckRock Taxable Municipal Bond Trust stock A Buy?
BalckRock Taxable Municipal Bond Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.479 Hold/Accumulate Unchanged
Predicted Opening Price for BalckRock Taxable Municipal Bond Trust of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $15.58 ( 0.0107%) | $15.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.70 | 0.749 % | |
| R2 | 15.65 | 0.467 % | ||
| R1 | 15.63 | 0.293 % | ||
| Current price: | 15.58 | |||
| Support | S1 | 15.54 | -0.271 % | |
| S2 | 15.51 | -0.445 % | ||
| S3 | 15.47 | -0.727 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.80 | 7.83 % | |
| R2 | 16.46 | 5.65 % | ||
| R1 | 16.15 | 3.66 % | ||
| Current price | 15.58 | |||
| Support | S1 | 15.52 | -0.385% | |
| S2 | 15.50 | -0.513% | ||
| S3 | 0 | . |
BBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0929 | 0.596% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0929 | 0.569% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0929 | 0.568% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0929 | 0.553% |
| 5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0929 | 0.565% |
FAQ
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