Blackrock Global Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Blackrock Global
(Updated on Apr 19, 2024)
The Blackrock Global stock price gained 0.235% on the last trading day (Friday, 19th Apr 2024), rising from $12.78 to $12.81. During the last trading day the stock fluctuated 0.86% from a day low at $12.74 to a day high of $12.85. The price has risen in 6 of the last 10 days but is still down by -1.76% for this period. Volume fell on the last day by -14 thousand shares and in total, 63 thousand shares were bought and sold for approximately $810.40 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.74 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 5.79% during the next 3 months and, with a 90% probability hold a price between $13.48 and $14.51 at the end of this 3-month period.
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BGT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.95%. 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 Blackrock Global 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 $12.82 and $13.03. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Friday, June 23, 2023 in the long-term chart.
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 Friday, June 23, 2023 in the long-term chart.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 $12.69 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.110 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 1.00%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Blackrock Global to open at $12.80, and during the day (based on 14 day Average True Range), to move between $12.67 and $12.95, which gives a possible trading interval of +/-$0.138 (+/-1.08%) up or down from last closing price. If Blackrock Global takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.69 (0.94%) than the resistance at $12.98 (1.33%), 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 Global stock A Buy?
The Blackrock Global stock holds several negative signals and despite the positive trend, we believe Blackrock Global will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.575 Sell Candidate Unchanged
Predicted Opening Price for Blackrock Global of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $12.80 ( 0.0781%) | $12.81 |
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 | 12.91 | 0.781 % | |
| R2 | 12.87 | 0.453 % | ||
| R1 | 12.84 | 0.250 % | ||
| Current price: | 12.81 | |||
| Support | S1 | 12.76 | -0.406 % | |
| S2 | 12.73 | -0.609 % | ||
| S3 | 12.69 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.11 | 2.34 % | |
| R2 | 13.10 | 2.26 % | ||
| R1 | 12.98 | 1.33 % | ||
| Current price | 12.81 | |||
| Support | S1 | 12.69 | -0.94% | |
| S2 | 12.34 | -3.67% | ||
| S3 | 12.29 | -4.06% |
BGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.120 | 0.94% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.120 | 0.93% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.120 | 0.94% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.120 | 0.97% |
| 5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.120 | 1.00% |
FAQ
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