Blackrock Global Stock Forecast

Blackrock Global stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 22, 2024)

BOE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. Blackrock Global has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $10.24. On a fall, the stock will find some support from the short-term average at $9.89. 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). The stock had a Golden Star Signal on Thursday, January 25, 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 Global stock

Blackrock Global finds support from accumulated volume at $9.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.120 (1.21%) between high and low. For the last week, the stock has had daily average volatility of 0.90%.

Our recommended stop-loss: $9.39 (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (BOE) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Blackrock Global to open at $9.95, and during the day (based on 14 day Average True Range), to move between $9.87 and $10.09, which gives a possible trading interval of +/-$0.114 (+/-1.14%) up or down from last closing price. If Blackrock Global takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.97 (0.10%) than the resistance at $10.06 (0.80%), 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 Global stock A Buy?

Several short-term signals 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 period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.135 Buy Candidate Upgraded

Predicted Opening Price for Blackrock Global of Tuesday, April 23, 2024

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