Blackstone Secured Lending Fund 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
Red day on Thursday for Blackstone Secured Lending Fund
(Updated on May 16, 2024)
The Blackstone Secured Lending Fund stock price fell by -0.131% on the last day (Thursday, 16th May 2024) from $30.58 to $30.54. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.75% from a day low at $30.33 to a day high of $30.86. The price has fallen in 7 of the last 10 days and is down by -4.53% for this period. 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 -715 thousand shares and in total, 2 million shares were bought and sold for approximately $53.56 million.
Given the current short-term trend, the stock is expected to rise 7.52% during the next 3 months and, with a 90% probability hold a price between $32.84 and $35.27 at the end of this 3-month period.
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BXSL Signals & Forecast
There are few to no technical positive signals at the moment. The Blackstone Secured Lending Fund 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 $31.25 and $31.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -6.03%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Blackstone Secured Lending Fund stock
Blackstone Secured Lending Fund finds support from accumulated volume at $30.52 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 $0.530 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BXSL) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Blackstone Secured Lending Fund to open at $30.58, and during the day (based on 14 day Average True Range), to move between $30.03 and $31.05, which gives a possible trading interval of +/-$0.515 (+/-1.69%) 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 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.52 (0.07%) than the resistance at $30.58 (0.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blackstone Secured Lending Fund stock A Buy?
The Blackstone Secured Lending Fund stock holds several negative signals and despite the positive trend, we believe Blackstone Secured Lending Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.944 Sell Candidate Unchanged
Predicted Opening Price for Blackstone Secured Lending Fund of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $30.58 ( 0.120%) | $30.54 |
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 | 31.11 | 1.86 % | |
| R2 | 30.90 | 1.19 % | ||
| R1 | 30.78 | 0.783 % | ||
| Current price: | 30.54 | |||
| Support | S1 | 30.37 | -0.543 % | |
| S2 | 30.25 | -0.95 % | ||
| S3 | 30.05 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.15 | 2.00 % | |
| R2 | 30.90 | 1.18 % | ||
| R1 | 30.58 | 0.131 % | ||
| Current price | 30.54 | |||
| Support | S1 | 30.52 | -0.0655% | |
| S2 | 30.39 | -0.491% | ||
| S3 | 30.15 | -1.28% |
BXSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 26, 2024 | $0.770 | 2.52% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.770 | 2.40% |
| 3 | Nov 08, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.770 | 2.69% |
| 4 | Jun 20, 2023 | Sep 28, 2023 | Oct 26, 2023 | $0.770 | 2.81% |
| 5 | May 10, 2023 | Jun 29, 2023 | Jul 27, 2023 | $0.700 | 2.48% |
FAQ
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