Blackrock Frontiers Investment Trust Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Blackrock Frontiers Investment Trust Plc
(Updated on May 02, 2024)
The Blackrock Frontiers Investment Trust Plc stock price fell by -0.669% on the last day (Thursday, 2nd May 2024) from £149.50 to £148.50. During the last trading day the stock fluctuated 4.10% from a day low at £145.00 to a day high of £150.95. The price has risen in 5 of the last 10 days and is up by 1.02% 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 -86 thousand shares and in total, 117 thousand shares were bought and sold for approximately £17.36 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £147.02 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Blackrock Frontiers Investment Trust Plc stock with a 90% probability to be traded between £147.16 and £156.18 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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BRFI.L Signals & Forecast
The Blackrock Frontiers Investment Trust Plc 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 £148.71 and £151.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.02%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Blackrock Frontiers Investment Trust Plc stock
Blackrock Frontiers Investment Trust Plc finds support from accumulated volume at £148.00 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 £5.94 (4.10%) between high and low. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: £139.48 (-6.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (BRFI.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Blackrock Frontiers Investment Trust Plc to open at £148.15, and during the day (based on 14 day Average True Range), to move between £143.37 and £153.63, which gives a possible trading interval of +/-£5.13 (+/-3.45%) up or down from last closing price. If Blackrock Frontiers Investment Trust Plc takes out the full calculated possible swing range there will be an estimated 6.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £148.00 (0.34%) than the resistance at £150.50 (1.35%), 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 Frontiers Investment Trust Plc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.665 Buy Candidate Unchanged
Predicted Opening Price for Blackrock Frontiers Investment Trust Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £148.15 ( 0.237%) | £148.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRFI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.09 | 3.77 % | |
| R2 | 151.82 | 2.24 % | ||
| R1 | 150.42 | 1.29 % | ||
| Current price: | 148.50 | |||
| Support | S1 | 145.88 | -1.77 % | |
| S2 | 144.47 | -2.71 % | ||
| S3 | 142.20 | -4.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.50 | 3.37 % | |
| R2 | 152.50 | 2.69 % | ||
| R1 | 150.50 | 1.35 % | ||
| Current price | 148.50 | |||
| Support | S1 | 148.00 | -0.337% | |
| S2 | 147.00 | -1.01% | ||
| S3 | 146.50 | -1.35% |
BRFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | £0.0386 | 0.0268% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £2.44 | 1.74% |
| 3 | Dec 08, 2022 | Jan 05, 2023 | Feb 14, 2023 | £3.44 | 2.45% |
| 4 | May 26, 2022 | Jun 01, 2022 | Jun 24, 2022 | £2.20 | 1.84% |
| 5 | Dec 01, 2021 | Jan 06, 2022 | Feb 11, 2022 | £3.18 | 2.42% |
FAQ
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