BlackRock Resources Stock Forecast
Green day on Thursday for BlackRock Resources stock after gaining 1.34%
(Updated on Mar 28, 2024)
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
# | 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
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