BLACKROCK INTERNATIONAL LTD Stock Forecast
Red day on Thursday for BLACKROCK INTERNATIONAL LTD
(Updated on May 02, 2024)
The BLACKROCK INTERNATIONAL LTD stock price fell by -0.188% on the last day (Thursday, 2nd May 2024) from $5.31 to $5.30. During the last trading day the stock fluctuated 1.33% from a day low at $5.28 to a day high of $5.35. The price has risen in 6 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -75 thousand shares and in total, 104 thousand shares were bought and sold for approximately $550.28 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BLACKROCK INTERNATIONAL LTD stock with a 90% probability to be traded between $5.04 and $5.43 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BGY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BLACKROCK INTERNATIONAL LTD 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 $5.34. On a fall, the stock will find some support from the short-term average at $5.28. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for BLACKROCK INTERNATIONAL LTD stock
BLACKROCK INTERNATIONAL LTD finds support from accumulated volume at $5.28 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 $0.0700 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.22%
Our recommended stop-loss: $5.03 (-5.01%) (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 (BGY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect BLACKROCK INTERNATIONAL LTD to open at $5.31, and during the day (based on 14 day Average True Range), to move between $5.24 and $5.36, which gives a possible trading interval of +/-$0.0645 (+/-1.22%) up or down from last closing price. If BLACKROCK INTERNATIONAL LTD takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.28 (0.38%) than the resistance at $5.32 (0.38%), 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 INTERNATIONAL LTD stock A Buy?
BLACKROCK INTERNATIONAL LTD 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: 0.018 Hold/Accumulate Unchanged
Predicted Opening Price for BLACKROCK INTERNATIONAL LTD of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $5.31 ( 0.189%) | $5.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.38 | 1.51 % | |
| R2 | 5.35 | 1.00 % | ||
| R1 | 5.34 | 0.693 % | ||
| Current price: | 5.30 | |||
| Support | S1 | 5.28 | -0.316 % | |
| S2 | 5.27 | -0.628 % | ||
| S3 | 5.24 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.45 | 2.83 % | |
| R2 | 5.36 | 1.13 % | ||
| R1 | 5.32 | 0.377 % | ||
| Current price | 5.30 | |||
| Support | S1 | 5.28 | -0.377% | |
| S2 | 5.27 | -0.566% | ||
| S3 | 5.15 | -2.83% |
BGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0338 | 0.643% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0338 | 0.611% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0338 | 0.633% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0338 | 0.640% |
| 5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0338 | 0.646% |
FAQ
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