Blackrock Innovation & Growth Trust Stock Forecast
Blackrock Innovation & Growth Trust stock price ended at $7.32 on Tuesday, after gaining 0.137%.
(Updated on Jul 02, 2024)
The Blackrock Innovation & Growth Trust stock price gained 0.137% on the last trading day (Tuesday, 2nd Jul 2024), rising from $7.31 to $7.32. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.96% from a day low at $7.26 to a day high of $7.33. The price has risen in 6 of the last 10 days and is up by 0.97% over the past 2 weeks. Volume fell on the last day by -373 thousand shares and in total, 912 thousand shares were bought and sold for approximately $6.67 million. 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.93% during the next 3 months and, with a 90% probability hold a price between $6.66 and $7.35 at the end of this 3-month period.
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BIGZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.23%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackrock Innovation & Growth Trust 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 $7.35. On a fall, the stock will find some support from the short-term average at $7.23. 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.
Support, Risk & Stop-loss for Blackrock Innovation & Growth Trust stock
Blackrock Innovation & Growth Trust finds support from accumulated volume at $7.23 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIGZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Blackrock Innovation & Growth Trust to open at $7.30, and during the day (based on 14 day Average True Range), to move between $7.21 and $7.43, which gives a possible trading interval of +/-$0.108 (+/-1.48%) up or down from last closing price. If Blackrock Innovation & Growth Trust takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.37 (0.68%) than the support at $7.23 (1.23%), 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 Innovation & Growth Trust stock A Buy?
Blackrock Innovation & Growth 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.
Current score: -2.208 Sell Candidate Unchanged
Predicted Opening Price for Blackrock Innovation & Growth Trust of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $7.30 ( 0.228%) | $7.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIGZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.37 | 0.729% |
| R2 | 7.35 | 0.363% |
| R1 | 7.33 | 0.138% |
| Price | 7.32 | |
| S1 | 7.28 | -0.593% |
| S2 | 7.26 | -0.82% |
| S3 | 7.23 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.68 | 4.92% |
| R2 | 7.42 | 1.37% |
| R1 | 7.37 | 0.683% |
| Price | 7.32 | |
| S1 | 7.23 | -1.23% |
| S2 | 7.22 | -1.37% |
| S3 | 7.18 | -1.91% |
BIGZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.0889 | 1.23% |
| 2 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0444 | 0.596% |
| 3 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0445 | 0.626% |
| 4 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0445 | 0.546% |
| 5 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0447 | 0.558% |
FAQ
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