Blackrock Sustainable American Income Stock Forecast

Red day on Friday for Blackrock Sustainable American Income stock after losing 0.505%
(Updated on Jun 28, 2024)

BRSA.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.07%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackrock Sustainable American Income 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 £197.29 and £199.51. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, December 01, 2023 in the long-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 Sustainable American Income stock

Blackrock Sustainable American Income finds support from accumulated volume at £196.00 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 £3.02 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: £187.72 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (BRSA.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Blackrock Sustainable American Income Trust Plc to open at £196.99, and during the day (based on 14 day Average True Range), to move between £193.44 and £200.56, which gives a possible trading interval of +/-£3.56 (+/-1.81%) up or down from last closing price. If Blackrock Sustainable American Income Trust Plc takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £196.00 (0.51%) than the resistance at £199.50 (1.27%), 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 Sustainable American Income Trust Plc stock A Buy?

Blackrock Sustainable American Income holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Blackrock Sustainable American Income Trust Plc of Monday, July 1, 2024

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