Blackrock Capital and Income Strategies Stock Forecast

Blackrock Capital and Income Strategies stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)

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. 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 $19.90 and $19.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.56%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.

Support, Risk & Stop-loss for Blackrock Capital and Income Strategies stock

Blackrock Capital and Income Strategies finds support from accumulated volume at $19.99 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 $0.110 between high and low, or 0.552%. For the last week the stock has had daily average volatility of 0.710%

Our recommended stop-loss: $19.41 (-3.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 83 days ago.)

Trading Expectations (CII) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Blackrock Capital and Income Strategies Fund Inc to open at $20.01, and during the day (based on 14 day Average True Range), to move between $19.87 and $20.23, which gives a possible trading interval of +/-$0.183 (+/-0.91%) 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 1.82% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $19.99, some $0.0600 (0.30%) from the current price of $20.05, our system finds the risk reward attractive.

Is Blackrock Capital and Income Strategies Fund Inc 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 Blackrock Capital and Income Strategies stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.069 Buy Candidate Upgraded

Predicted Opening Price for Blackrock Capital and Income Strategies Fund Inc of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.