Blackstone Secured Lending Fund Stock Forecast
Weaker technical forecast for Blackstone Secured Lending Fund as stock downgraded to Buy Candidate.
(Updated on Apr 29, 2024)
The Blackstone Secured Lending Fund stock price gained 0.0623% on the last trading day (Monday, 29th Apr 2024), rising from $32.09 to $32.11. During the last trading day the stock fluctuated 1.45% from a day low at $32.00 to a day high of $32.47. The price has risen in 8 of the last 10 days and is up by 5.45% over the past 2 weeks. Volume fell on the last day by -263 thousand shares and in total, 760 thousand shares were bought and sold for approximately $24.39 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.57% during the next 3 months and, with a 90% probability hold a price between $34.58 and $36.46 at the end of this 3-month period.
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BXSL Signals & Forecast
Mostly positive signals in the chart today. The Blackstone Secured Lending Fund 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 $31.81 and $30.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.45%. 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). 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.
Support, Risk & Stop-loss for Blackstone Secured Lending Fund stock
On the downside, the stock finds support just below today's level from accumulated volume at $28.91 and $28.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Blackstone Secured Lending Fund finds support just below today's level at $28.91. If this is broken, then the next support from accumulated volume will be at $28.61 and $28.44.
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 $0.465 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $30.87 (-3.87%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (BXSL) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Blackstone Secured Lending Fund to open at $32.19, and during the day (based on 14 day Average True Range), to move between $31.68 and $32.54, which gives a possible trading interval of +/-$0.427 (+/-1.33%) up or down from last closing price. If Blackstone Secured Lending Fund takes out the full calculated possible swing range there will be an estimated 2.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $28.91, some $3.20 (9.97%) from the current price of $32.11, our system finds the risk reward attractive.
Is Blackstone Secured Lending Fund stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blackstone Secured Lending Fund stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.294 Buy Candidate Downgraded
Predicted Opening Price for Blackstone Secured Lending Fund of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $32.19 ( 0.254%) | $32.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BXSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.66 | 1.70 % | |
| R2 | 32.48 | 1.15 % | ||
| R1 | 32.37 | 0.81 % | ||
| Current price: | 32.11 | |||
| Support | S1 | 32.01 | -0.299 % | |
| S2 | 31.90 | -0.641 % | ||
| S3 | 31.73 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 32.11 | |||
| Support | S1 | 28.91 | -9.97% | |
| S2 | 28.61 | -10.90% | ||
| S3 | 28.44 | -11.43% |
BXSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.770 | 2.40% |
| 2 | Nov 08, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.770 | 2.69% |
| 3 | Jun 20, 2023 | Sep 28, 2023 | Oct 26, 2023 | $0.770 | 2.81% |
| 4 | May 10, 2023 | Jun 29, 2023 | Jul 27, 2023 | $0.700 | 2.48% |
| 5 | Feb 27, 2023 | Mar 30, 2023 | Apr 27, 2023 | $0.700 | 2.74% |
FAQ
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