BlackRock Virginia Municipal Bond Trust Stock Forecast
BlackRock Virginia Municipal Bond Trust stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 09, 2024)
The BlackRock Virginia Municipal Bond Trust stock price fell by -0.547% on the last day (Thursday, 9th May 2024) from $10.97 to $10.91. During the last trading day the stock fluctuated 0.643% from a day low at $10.91 to a day high of $10.98. The price has been going up and down for this period, and there has been a 2.54% gain for the last 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 -2 thousand shares and in total, 923 shares were bought and sold for approximately $10.07 thousand.
The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.97 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.29% during the next 3 months and, with a 90% probability hold a price between $10.24 and $10.72 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BHV Signals & Forecast
The BlackRock Virginia Municipal Bond Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.76 and $10.79. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.547%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, February 21, 2024 in the short-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
The stock had a Golden Star Signal on Wednesday, February 21, 2024 in the short-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 Virginia Municipal Bond Trust stock
BlackRock Virginia Municipal Bond Trust finds support from accumulated volume at $10.79 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 $0.0701 between high and low, or 0.643%. For the last week the stock has had daily average volatility of 0.519%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHV) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect BlackRock Virginia Municipal Bond Trust to open at $10.93, and during the day (based on 14 day Average True Range), to move between $10.80 and $11.02, which gives a possible trading interval of +/-$0.111 (+/-1.02%) up or down from last closing price. If BlackRock Virginia Municipal Bond Trust takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.95 (0.37%) than the support at $10.79 (1.10%), 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 Virginia Municipal Bond Trust stock A Buy?
BlackRock Virginia Municipal Bond Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.054 Sell Candidate Downgraded
Predicted Opening Price for BlackRock Virginia Municipal Bond Trust of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$10.93 ( 0.214%) | $10.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.00 | 0.86 % | |
R2 | 10.98 | 0.611 % | ||
R1 | 10.96 | 0.459 % | ||
Current price: | 10.91 | |||
Support | S1 | 10.91 | -0.0319 % | |
S2 | 10.89 | -0.184 % | ||
S3 | 10.86 | -0.429 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.04 | 1.19 % | |
R2 | 11.03 | 1.10 % | ||
R1 | 10.95 | 0.367 % | ||
Current price | 10.91 | |||
Support | S1 | 10.79 | -1.10% | |
S2 | 10.64 | -2.47% | ||
S3 | 10.63 | -2.57% |
BHV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 14, 2024 | May 14, 2024 | Jun 03, 2024 | $0.0395 | 0.360% |
2 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0395 | 0.373% |
3 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0395 | 0.361% |
4 | Nov 14, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0395 | 0.363% |
5 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0395 | 0.364% |
FAQ
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