Blackrock Global Stock Forecast
Red day on Wednesday for Blackrock Global stock after losing 0.0770%
(Updated on Mar 27, 2024)
The Blackrock Global stock price fell by -0.0770% on the last day (Wednesday, 27th Mar 2024) from $12.98 to $12.97. During the last trading day the stock fluctuated 1.01% from a day low at $12.92 to a day high of $13.05. The price has fallen in 8 of the last 10 days and is down by -3.21% for this period. Volume has increased on the last day by 6 thousand 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, 80 thousand shares were bought and sold for approximately $1.03 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.11% during the next 3 months and, with a 90% probability hold a price between $14.15 and $14.98 at the end of this 3-month period.
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BGT Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.21%. 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). Blackrock Global 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". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Blackrock Global 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 $13.00. On a fall, the stock will find some support from the long-term average at approximately $12.93. 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 stock had a Golden Star Signal on Monday, January 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 23, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, January 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 23, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, January 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 23, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Blackrock Global stock
Blackrock Global finds support from accumulated volume at $12.34 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 $0.130 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: $12.48 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (BGT) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Blackrock Global to open at $12.98, and during the day (based on 14 day Average True Range), to move between $12.81 and $13.13, which gives a possible trading interval of +/-$0.162 (+/-1.25%) up or down from last closing price. If Blackrock Global takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.10 (1.00%) than the support at $12.34 (4.86%), 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 Blackrock Global stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.295 Buy Candidate Unchanged
Predicted Opening Price for Blackrock Global of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$12.98 ( 0.0771%) | $12.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.11 | 1.08 % | |
R2 | 13.06 | 0.697 % | ||
R1 | 13.03 | 0.460 % | ||
Current price: | 12.97 | |||
Support | S1 | 12.93 | -0.306 % | |
S2 | 12.90 | -0.542 % | ||
S3 | 12.85 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.40 | 3.32 % | |
R2 | 13.11 | 1.08 % | ||
R1 | 13.10 | 1.00 % | ||
Current price | 12.97 | |||
Support | S1 | 12.34 | -4.86% | |
S2 | 12.19 | -6.01% | ||
S3 | 12.11 | -6.63% |
BGT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.120 | 0.93% |
2 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.120 | 0.94% |
3 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.120 | 0.97% |
4 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.120 | 1.00% |
5 | Nov 01, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.114 | 0.95% |
FAQ
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