Blackrock Enhanced Equity Dividend Trust Stock Forecast
Blackrock Enhanced Equity Dividend Trust stock price up 1.12% on Friday
(Updated on May 03, 2024)
The Blackrock Enhanced Equity Dividend Trust stock price gained 1.12% on the last trading day (Friday, 3rd May 2024), rising from $8.05 to $8.14. During the last trading day the stock fluctuated 0.87% from a day low at $8.07 to a day high of $8.14. The price has risen in 5 of the last 10 days and is up by 3.3% 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, 61 thousand more shares were traded than the day before. In total, 320 thousand shares were bought and sold for approximately $2.61 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Blackrock Enhanced Equity Dividend Trust stock with a 90% probability to be traded between $7.91 and $8.40 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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BDJ Signals & Forecast
The Blackrock Enhanced Equity Dividend Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $8.04 and $8.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.23%. 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 Enhanced Equity Dividend Trust stock
Blackrock Enhanced Equity Dividend Trust finds support from accumulated volume at $8.11 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 $0.0700 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: $7.74 (-4.85%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (BDJ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Blackrock Enhanced Equity Dividend Trust to open at $8.12, and during the day (based on 14 day Average True Range), to move between $8.06 and $8.22, which gives a possible trading interval of +/-$0.0831 (+/-1.02%) up or down from last closing price. If Blackrock Enhanced Equity Dividend Trust takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.11 (0.37%) than the resistance at $8.18 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blackrock Enhanced Equity Dividend Trust stock A Buy?
Blackrock Enhanced Equity Dividend Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.949 Hold/Accumulate Unchanged
Predicted Opening Price for Blackrock Enhanced Equity Dividend Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $8.12 ( 0.287%) | $8.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.19 | 0.573 % | |
| R2 | 8.16 | 0.245 % | ||
| R1 | 8.14 | 0.0419 % | ||
| Current price: | 8.14 | |||
| Support | S1 | 8.09 | -0.615 % | |
| S2 | 8.07 | -0.82 % | ||
| S3 | 8.05 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.25 | 1.35 % | |
| R2 | 8.20 | 0.737 % | ||
| R1 | 8.18 | 0.491 % | ||
| Current price | 8.14 | |||
| Support | S1 | 8.11 | -0.369% | |
| S2 | 8.02 | -1.47% | ||
| S3 | 7.89 | -3.07% |
BDJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0562 | 0.701% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0562 | 0.681% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0562 | 0.701% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0562 | 0.716% |
| 5 | Oct 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0562 | 0.722% |
FAQ
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