Blackrock Capital and Income Strategies Stock Forecast
Blackrock Capital and Income Strategies stock price ended at $19.45 on Wednesday, after gaining 0.569%.
(Updated on Mar 27, 2024)
The Blackrock Capital and Income Strategies stock price gained 0.569% on the last trading day (Wednesday, 27th Mar 2024), rising from $19.34 to $19.45. During the last trading day the stock fluctuated 0.517% from a day low at $19.35 to a day high of $19.45. The price has fallen in 5 of the last 10 days and is down by -0.41% for this period. Volume fell on the last day by -33 thousand shares and in total, 59 thousand shares were bought and sold for approximately $1.14 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 narrow and weak 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 3.75% during the next 3 months and, with a 90% probability hold a price between $19.96 and $20.65 at the end of this 3-month period.
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CII Signals & Forecast
The Blackrock Capital and Income Strategies 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 $19.38 and $19.42. A breakdown below any of these levels will issue sell signals. 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 Monday, March 04, 2024, and so far it has fallen -1.27%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, May 16, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, May 16, 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 Capital and Income Strategies stock
Blackrock Capital and Income Strategies finds support from accumulated volume at $19.41 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.1000 between high and low, or 0.517%. For the last week the stock has had daily average volatility of 0.709%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CII) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Blackrock Capital and Income Strategies Fund Inc to open at $19.42, and during the day (based on 14 day Average True Range), to move between $19.26 and $19.64, which gives a possible trading interval of +/-$0.192 (+/-0.99%) up or down from last closing price. If Blackrock Capital and Income Strategies Fund Inc takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.47 (0.10%) than the support at $19.41 (0.21%), 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 Blackrock Capital and Income Strategies Fund Inc stock A Buy?
The Blackrock Capital and Income Strategies stock holds several negative signals and despite the positive trend, we believe Blackrock Capital and Income Strategies will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.410 Sell Candidate Unchanged
Predicted Opening Price for Blackrock Capital and Income Strategies Fund Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$19.42 ( 0.171%) | $19.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CII
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.52 | 0.343 % | |
R2 | 19.48 | 0.146 % | ||
R1 | 19.45 | 0.0250 % | ||
Current price: | 19.45 | |||
Support | S1 | 19.38 | -0.368 % | |
S2 | 19.35 | -0.489 % | ||
S3 | 19.32 | -0.686 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.70 | 1.29 % | |
R2 | 19.49 | 0.206 % | ||
R1 | 19.47 | 0.103 % | ||
Current price | 19.45 | |||
Support | S1 | 19.41 | -0.206% | |
S2 | 19.22 | -1.18% | ||
S3 | 19.00 | -2.31% |
CII Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0995 | 0.512% |
2 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0995 | 0.513% |
3 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0995 | 0.523% |
4 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0995 | 0.535% |
5 | Nov 01, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.100 | 0.544% |
FAQ
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