Blackstone / GSO Loan Financing Limited Stock Forecast
Blackstone / GSO Loan Financing Limited stock price ended at £0.570 on Friday, after losing 2.56%.
(Updated on May 10, 2024)
The Blackstone / GSO Loan Financing Limited stock price fell by -2.56% on the last day (Friday, 10th May 2024) from £0.585 to £0.570. During the last trading day the stock fluctuated 2.61% from a day low at £0.570 to a day high of £0.585. The price has been going up and down for this period, and there has been a -3.39% loss for the last 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £1.15 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 £0.566 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.04% during the next 3 months and, with a 90% probability hold a price between £0.554 and £0.577 at the end of this 3-month period.
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BGLF.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. 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 Blackstone / GSO Loan Financing Limited 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 £0.577 and £0.585. 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). Blackstone / GSO Loan Financing Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Blackstone / GSO Loan Financing Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 £0.0149 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: £0.540 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (BGLF.L) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Blackstone / GSO Loan Financing Limited to open at £0.575, and during the day (based on 14 day Average True Range), to move between £0.551 and £0.589, which gives a possible trading interval of +/-£0.0189 (+/-3.32%) up or down from last closing price. If Blackstone / GSO Loan Financing Limited takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £0.580, some £0.0100 (1.75%) from the current price of £0.570, our system finds the risk reward not very attractive.
Is Blackstone / GSO Loan Financing Limited stock A Buy?
Blackstone / GSO Loan Financing Limited 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Blackstone / GSO Loan Financing Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| £0.575 ( 0.87%) | £0.570 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGLF.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.590 | 3.49 % | |
| R2 | 0.584 | 2.49 % | ||
| R1 | 0.581 | 1.87 % | ||
| Current price: | 0.570 | |||
| Support | S1 | 0.569 | -0.127 % | |
| S2 | 0.566 | -0.744 % | ||
| S3 | 0.560 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.595 | 4.39 % | |
| R2 | 0.590 | 3.51 % | ||
| R1 | 0.580 | 1.75 % | ||
| Current price | 0.570 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BGLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Mar 08, 2024 | £0.0300 | 5.04% |
| 2 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | £0.0200 | 3.57% |
| 3 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.0200 | 2.99% |
| 4 | May 04, 2023 | May 04, 2023 | May 04, 2023 | £0.0200 | 2.94% |
| 5 | Jan 23, 2023 | Feb 02, 2023 | Mar 03, 2023 | £0.0238 | 3.13% |
FAQ
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