RSI low/high Values: [ 25 - 75 ]
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AI Analysis of BCX
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Green day on Thursday for BlackRock Resources stock after gaining 1.34%
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.34% PDF

The BlackRock Resources stock price gained 1.34% on the last trading day (Thursday, 28th Mar 2024), rising from $8.96 to $9.08. During the last trading day the stock fluctuated 1.00% from a day low at $9.00 to a day high of $9.09. The price has risen in 6 of the last 10 days and is up by 2.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 187 thousand more shares were traded than the day before. In total, 504 thousand shares were bought and sold for approximately $4.58 million.

Given the current horizontal trend, you can expect BlackRock Resources stock with a 90% probability to be traded between $8.40 and $9.16 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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BCX Signals & Forecast

Mostly positive signals in the chart today. The BlackRock Resources stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.95 and $8.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 9.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for BlackRock Resources stock

On the downside, the stock finds support just below today's level from accumulated volume at $8.46 and $8.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BlackRock Resources finds support just below today's level at $8.46. If this is broken, then the next support from accumulated volume will be at $8.37 and $8.34.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0900 between high and low, or 1.00%. For the last week, the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $8.58 (-5.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (BCX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect BlackRock Resources to open at $9.06, and during the day (based on 14 day Average True Range), to move between $8.95 and $9.21, which gives a possible trading interval of +/-$0.126 (+/-1.38%) up or down from last closing price. If BlackRock Resources takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $8.46, some $0.620 (6.83%) from the current price of $9.08, our system finds the risk reward attractive.

Is BlackRock Resources 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 Resources stock to perform well in the short-term period.

Current score: 4.593 Buy Candidate Unchanged

Predicted Opening Price for BlackRock Resources of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.06 ( 0.257%) $9.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BCX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.15 0.734 %
R2 9.11 0.356 %
R1 9.09 0.122 %
Current price: 9.08
Support S1 9.02 -0.636 %
S2 9.00 -0.87 %
S3 8.97 -1.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 9.08
Support S1 8.46 -6.83%
S2 8.37 -7.82%
S3 8.34 -8.15%

BCX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.0518 0.570%
2 Feb 01, 2024 Feb 14, 2024 Feb 29, 2024 $0.0518 0.623%
3 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.0518 0.608%
4 Dec 05, 2023 Dec 14, 2023 Dec 20, 2023 $0.0518 0.579%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.0520 0.584%

FAQ

What is the symbol for BlackRock Resources Stock and on which exchange is it traded?
The symbol for BlackRock Resources is BCX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BlackRock Resources Stock?
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 Resources stock to perform well in the short-term period.

How to buy BlackRock Resources Stock?
BlackRock Resources Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BlackRock Resources Stock.

What's the current price of BlackRock Resources Stock?
As of the end of day on the 2024-03-28, the price of an BlackRock Resources (BCX) share was $9.08.

What is the 52-week high and low for BlackRock Resources Stock?
The 52-week high for BlackRock Resources Stock is $9.90 and the 52-week low is $8.25.

What is the market capitalization of BlackRock Resources Stock?
As of the 2024-03-28, the market capitalization of BlackRock Resources is 801.909M.
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About BlackRock Resources

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors. The fund also invests through derivatives with exposure to commodity or natural resour... BCX Profile

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