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
Stronger technical forecast for Blackrock Global stock price after Friday trading.
(Updated on Apr 26, 2024)
The Blackrock Global stock price gained 0.546% on the last trading day (Friday, 26th Apr 2024), rising from $12.83 to $12.90. During the last trading day the stock fluctuated 0.93% from a day low at $12.83 to a day high of $12.95. The price has risen in 7 of the last 10 days and is up by 0.62% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 62 thousand shares were bought and sold for approximately $804.78 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 $12.76 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 3.62% during the next 3 months and, with a 90% probability hold a price between $13.22 and $14.13 at the end of this 3-month period.
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BGT Signals & Forecast
There are mixed signals in the stock today. The Blackrock Global stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.01. On a fall, the stock will find some support from the short-term average at $12.88. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.65%. Further rise is indicated until a new top pivot has been found. 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 $12.82 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 $0.120 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 0.729%
Our recommended stop-loss: $12.22 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BGT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Blackrock Global to open at $12.89, and during the day (based on 14 day Average True Range), to move between $12.77 and $13.03, which gives a possible trading interval of +/-$0.133 (+/-1.03%) up or down from last closing price. If Blackrock Global takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.98 (0.62%) than the support at $12.82 (0.62%), 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 short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blackrock Global stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.668 Buy Candidate Upgraded
Predicted Opening Price for Blackrock Global of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $12.89 ( 0.0519%) | $12.90 |
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 | 13.01 | 0.88 % | |
| R2 | 12.97 | 0.522 % | ||
| R1 | 12.94 | 0.303 % | ||
| Current price: | 12.90 | |||
| Support | S1 | 12.85 | -0.407 % | |
| S2 | 12.82 | -0.626 % | ||
| S3 | 12.77 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.11 | 1.63 % | |
| R2 | 13.10 | 1.55 % | ||
| R1 | 12.98 | 0.620 % | ||
| Current price | 12.90 | |||
| Support | S1 | 12.82 | -0.620% | |
| S2 | 12.81 | -0.698% | ||
| S3 | 12.34 | -4.34% |
BGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.120 | 0.93% |
| 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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