BalckRock Taxable Municipal Bond Trust Stock Forecast
BalckRock Taxable Municipal Bond Trust stock price up 0.194% on Friday
(Updated on Apr 26, 2024)
The BalckRock Taxable Municipal Bond Trust stock price gained 0.194% on the last trading day (Friday, 26th Apr 2024), rising from $15.47 to $15.50. During the last trading day the stock fluctuated 0.710% from a day low at $15.50 to a day high of $15.61. The price has fallen in 5 of the last 10 days and is down by -0.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 109 thousand shares were bought and sold for approximately $1.69 million.
The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.45 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.39% during the next 3 months and, with a 90% probability hold a price between $14.31 and $14.94 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 Thursday, April 25, 2024, and so far it has risen 0.194%. 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 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 $15.56 and $16.08. 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 BalckRock Taxable Municipal Bond Trust stock
BalckRock Taxable Municipal Bond Trust finds support from accumulated volume at $15.47 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 $0.110 between high and low, or 0.710%. For the last week the stock has had daily average volatility of 0.710%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect BalckRock Taxable Municipal Bond Trust to open at $15.54, and during the day (based on 14 day Average True Range), to move between $15.35 and $15.65, which gives a possible trading interval of +/-$0.147 (+/-0.95%) 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 1.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.47 (0.19%) than the resistance at $16.15 (4.19%), 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 is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.240 Sell Candidate Unchanged
Predicted Opening Price for BalckRock Taxable Municipal Bond Trust of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $15.54 ( 0.237%) | $15.50 |
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 | 15.65 | 0.95 % | |
| R2 | 15.60 | 0.675 % | ||
| R1 | 15.58 | 0.508 % | ||
| Current price: | 15.50 | |||
| Support | S1 | 15.49 | -0.0345 % | |
| S2 | 15.47 | -0.202 % | ||
| S3 | 15.43 | -0.473 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.80 | 8.39 % | |
| R2 | 16.46 | 6.19 % | ||
| R1 | 16.15 | 4.19 % | ||
| Current price | 15.50 | |||
| Support | S1 | 15.47 | -0.194% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0929 | 0.599% |
| 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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