BlackRock Municipal Target Term Trust 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
Weaker technical forecast for BlackRock Municipal Target Term Trust as stock downgraded to Sell Candidate.
(Updated on Apr 30, 2024)
The BlackRock Municipal Target Term Trust stock price fell by -0.486% on the last day (Tuesday, 30th Apr 2024) from $20.58 to $20.48. During the last trading day the stock fluctuated 0.342% from a day low at $20.47 to a day high of $20.54. The price has risen in 5 of the last 10 days and is up by 0.44% 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 -29 thousand shares and in total, 83 thousand shares were bought and sold for approximately $1.70 million.
The stock lies in the middle of a narrow and 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 -4.01% during the next 3 months and, with a 90% probability hold a price between $19.38 and $19.92 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BTT Signals & Forecast
There are mixed signals in the stock today. The BlackRock Municipal Target Term Trust 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 $20.54 and $20.74. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.688%. 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).
Support, Risk & Stop-loss for BlackRock Municipal Target Term Trust stock
BlackRock Municipal Target Term Trust finds support from accumulated volume at $20.42 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 $0.0700 between high and low, or 0.342%. For the last week the stock has had daily average volatility of 0.512%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTT) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect BlackRock Municipal Target Term Trust Inc (The) to open at $20.50, and during the day (based on 14 day Average True Range), to move between $20.34 and $20.62, which gives a possible trading interval of +/-$0.141 (+/-0.69%) up or down from last closing price. If BlackRock Municipal Target Term Trust Inc (The) takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.42 (0.29%) than the resistance at $20.56 (0.39%), 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 Municipal Target Term Trust Inc (The) stock A Buy?
BlackRock Municipal Target Term Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.748 Sell Candidate Downgraded
Predicted Opening Price for BlackRock Municipal Target Term Trust Inc (The) of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $20.50 ( 0.0814%) | $20.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.57 | 0.423 % | |
| R2 | 20.54 | 0.293 % | ||
| R1 | 20.52 | 0.212 % | ||
| Current price: | 20.48 | |||
| Support | S1 | 20.47 | -0.0492 % | |
| S2 | 20.45 | -0.130 % | ||
| S3 | 20.43 | -0.260 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.08 | 2.93 % | |
| R2 | 21.00 | 2.54 % | ||
| R1 | 20.56 | 0.391 % | ||
| Current price | 20.48 | |||
| Support | S1 | 20.42 | -0.293% | |
| S2 | 20.41 | -0.342% | ||
| S3 | 20.34 | -0.684% |
BTT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0464 | 0.226% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0464 | 0.222% |
| 3 | Nov 17, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0464 | 0.221% |
| 4 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0464 | 0.215% |
| 5 | Nov 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0464 | 0.223% |
FAQ
Click here for our free guide on how to buy BlackRock Municipal Target Term Trust Inc (The) Stock.
