Blackstone Loan Financing Limited Stock Forecast
Blackstone Loan Financing Limited stock price ended at £55.50 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Blackstone Loan Financing Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 4.04% from a day low at £55.50 to a day high of £57.74. The price has been going up and down for this period, and there has been a -2.63% loss for the last 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.94% during the next 3 months and, with a 90% probability hold a price between £58.22 and £65.93 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BGLP.L Signals & Forecast
The Blackstone Loan Financing Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £56.16. On a fall, the stock will find some support from the long-term average at approximately £52.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -3.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Blackstone Loan Financing Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at £51.40 and £49.70. 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, Blackstone Loan Financing Limited finds support just below today's level at £51.40. If this is broken, then the next support from accumulated volume will be at £49.70 and £48.90.
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 £2.24 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: £52.73 (-4.99%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (BGLP.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Blackstone Loan Financing Limited to open at £56.25, and during the day (based on 14 day Average True Range), to move between £53.51 and £57.49, which gives a possible trading interval of +/-£1.99 (+/-3.58%) up or down from last closing price. If Blackstone Loan Financing Limited takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £56.50 (1.80%) than the support at £51.40 (7.39%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Blackstone Loan Financing Limited stock A Buy?
Blackstone Loan Financing Limited 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: 0.000 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 Loan Financing Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
£56.25 ( 1.35%) | £55.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGLP.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 58.49 | 5.38% |
R2 | 57.63 | 3.84% |
R1 | 57.10 | 2.89% |
Price | 55.50 | |
S1 | 55.39 | -0.196% |
S2 | 54.86 | -1.15% |
S3 | 54.01 | -2.69% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 57.80 | 4.14% |
R2 | 57.00 | 2.70% |
R1 | 56.50 | 1.80% |
Price | 55.50 | |
S1 | 51.40 | -7.39% |
S2 | 49.70 | -10.45% |
S3 | 48.90 | -11.89% |
BGLP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 02, 2024 | Jun 07, 2024 | £1.92 | 3.56% |
2 | Feb 01, 2024 | Feb 01, 2024 | Mar 08, 2024 | £2.56 | 4.92% |
3 | Nov 02, 2023 | Nov 02, 2023 | Dec 01, 2023 | £1.74 | 3.58% |
4 | Aug 03, 2023 | Aug 03, 2023 | Sep 01, 2023 | £1.72 | 3.51% |
5 | May 04, 2023 | May 04, 2023 | Jun 02, 2023 | £1.76 | 2.91% |
FAQ
Click here for our free guide on how to buy Blackstone Loan Financing Limited Stock.