BlackRock Greater Europe Investment Stock Forecast
BlackRock Greater Europe Investment stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Jun 05, 2024)
The BlackRock Greater Europe Investment stock price gained 1.13% on the last trading day (Wednesday, 5th Jun 2024), rising from £622.00 to £629.00. During the last trading day the stock fluctuated 2.11% from a day low at £617.00 to a day high of £630.00. The price has risen in 5 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 103 thousand shares were bought and sold for approximately £64.60 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 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 -2.53% during the next 3 months and, with a 90% probability hold a price between £588.80 and £620.41 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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BRGE.L Signals & Forecast
The BlackRock Greater Europe Investment stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £623.57 and £622.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 1.94%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BlackRock Greater Europe Investment stock
BlackRock Greater Europe Investment finds support from accumulated volume at £620.00 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 £13.00 between high and low, or 2.11%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: £595.11 (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (BRGE.L) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect BlackRock Greater Europe Investment Trust plc to open at £625.33, and during the day (based on 14 day Average True Range), to move between £619.50 and £638.50, which gives a possible trading interval of +/-£9.50 (+/-1.51%) up or down from last closing price. If BlackRock Greater Europe Investment Trust plc takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £630.00 (0.16%) than the support at £620.00 (1.43%), 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 Greater Europe Investment Trust plc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.015 Buy Candidate Upgraded
Predicted Opening Price for BlackRock Greater Europe Investment Trust plc of Thursday, June 6, 2024
| Fair opening price June 6, 2024 | Current price |
|---|---|
| £625.33 ( 0.583%) | £629.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRGE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 638.33 | 1.48% |
| R2 | 633.37 | 0.694% |
| R1 | 630.30 | 0.207% |
| Price | 629.00 | |
| S1 | 620.37 | -1.37% |
| S2 | 617.30 | -1.86% |
| S3 | 612.33 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 637.00 | 1.27% |
| R2 | 636.00 | 1.11% |
| R1 | 630.00 | 0.159% |
| Price | 629.00 | |
| S1 | 620.00 | -1.43% |
| S2 | 617.00 | -1.91% |
| S3 | 614.00 | -2.38% |
BRGE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 19, 2024 | £1.75 | 0.275% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0500 | 0.0096% |
| 3 | May 18, 2023 | May 18, 2023 | May 18, 2023 | £1.75 | 0.317% |
| 4 | Nov 03, 2022 | Nov 17, 2022 | Dec 16, 2022 | £4.85 | 1.01% |
| 5 | May 10, 2022 | May 19, 2022 | Jun 17, 2022 | £1.75 | 0.418% |
FAQ
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