Blackstone GSO Senior Floating Rate Term Stock Forecast
Stronger technical forecast for Blackstone GSO Senior Floating Rate Term stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Blackstone GSO Senior Floating Rate Term stock price gained 0.380% on the last trading day (Thursday, 18th Apr 2024), rising from $14.23 to $14.28. It has now gained 4 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 0.84% from a day low at $14.20 to a day high of $14.32. The price has risen in 7 of the last 10 days and is up by 1.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately $907.97 thousand.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.15 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.72% during the next 3 months and, with a 90% probability hold a price between $15.10 and $15.81 at the end of this 3-month period.
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BSL Signals & Forecast
The Blackstone GSO Senior Floating Rate Term stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.18 and $14.26. A breakdown below any of these levels will issue sell signals. Blackstone GSO Senior Floating Rate Term 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. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -1.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Blackstone GSO Senior Floating Rate Term stock
Blackstone GSO Senior Floating Rate Term finds support from accumulated volume at $13.96 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 $0.120 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.765%.
Our recommended stop-loss: $13.69 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (BSL) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Blackstone GSO Senior Floating Rate Term Fund to open at $14.27, and during the day (based on 14 day Average True Range), to move between $14.18 and $14.38, which gives a possible trading interval of +/-$0.104 (+/-0.73%) up or down from last closing price. If Blackstone GSO Senior Floating Rate Term Fund takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.29 (0.07%) than the support at $13.96 (2.24%), 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 Blackstone GSO Senior Floating Rate Term Fund stock A Buy?
Blackstone GSO Senior Floating Rate Term holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.406 Hold/Accumulate Upgraded
Predicted Opening Price for Blackstone GSO Senior Floating Rate Term Fund of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$14.27 ( 0.0943%) | $14.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.39 | 0.743 % | |
R2 | 14.34 | 0.423 % | ||
R1 | 14.31 | 0.226 % | ||
Current price: | 14.28 | |||
Support | S1 | 14.22 | -0.414 % | |
S2 | 14.19 | -0.612 % | ||
S3 | 14.15 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.50 | 1.54 % | |
R2 | 14.33 | 0.350 % | ||
R1 | 14.29 | 0.0700 % | ||
Current price | 14.28 | |||
Support | S1 | 13.96 | -2.24% | |
S2 | 13.93 | -2.45% | ||
S3 | 13.72 | -3.92% |
BSL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 22, 2024 | May 22, 2024 | May 31, 2024 | $0.114 | 0.798% |
2 | Mar 11, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.114 | 0.798% |
3 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.114 | 0.796% |
4 | Dec 14, 2023 | Feb 21, 2024 | Feb 29, 2024 | $0.114 | 0.80% |
5 | Dec 28, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.114 | 0.84% |
FAQ
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