Blackstone/Gso Dynamic Credit Income Fd Stock Forecast

Green day on Wednesday for Blackstone/Gso Dynamic Credit Income Fd stock after gaining 0.247%
(Updated on Apr 17, 2024)

BGX Signals & Forecast

There are few to no technical positive signals at the moment. The Blackstone/Gso Dynamic Credit Income Fd 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 $12.22 and $12.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -1.69%. 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). 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 Thursday, December 07, 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 Blackstone/Gso Dynamic Credit Income Fd stock

Blackstone/Gso Dynamic Credit Income Fd finds support from accumulated volume at $12.02 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 $0.0750 between high and low, or 0.619%. For the last week the stock has had daily average volatility of 0.81%

Our recommended stop-loss: $11.72 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (BGX) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Blackstone/Gso Dynamic Credit Income Fd to open at $12.17, and during the day (based on 14 day Average True Range), to move between $12.08 and $12.28, which gives a possible trading interval of +/-$0.101 (+/-0.83%) up or down from last closing price. If Blackstone/Gso Dynamic Credit Income Fd takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.28 (0.82%) than the support at $12.02 (1.31%), 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/Gso Dynamic Credit Income Fd stock A Buy?

Blackstone/Gso Dynamic Credit Income Fd 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: 0.148 Hold/Accumulate Unchanged

Predicted Opening Price for Blackstone/Gso Dynamic Credit Income Fd of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.