Blackrock Debt Strategies Fund Inc Stock Forecast

Weaker technical forecast for Blackrock Debt Strategies Fund Inc as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)

DSU Signals & Forecast

There are mixed signals in the stock today. The Blackrock Debt Strategies Fund Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.84. On a fall, the stock will find some support from the short-term average at $10.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.0923%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Blackrock Debt Strategies Fund Inc stock

Blackrock Debt Strategies Fund Inc finds support from accumulated volume at $10.54 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 $0.160 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.54%.

The Blackrock Debt Strategies Fund Inc stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DSU) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Blackrock Debt Strategies Fund Inc to open at $10.81, and during the day (based on 14 day Average True Range), to move between $10.68 and $10.96, which gives a possible trading interval of +/-$0.144 (+/-1.33%) up or down from last closing price. If Blackrock Debt Strategies Fund Inc takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.83 (0.09%) than the support at $10.54 (2.59%), 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 Debt Strategies Fund Inc stock A Buy?

Blackrock Debt Strategies Fund Inc 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 Buy to a Sell candidate.

Current score: -3.375 Sell Candidate Downgraded

Predicted Opening Price for Blackrock Debt Strategies Fund Inc of Monday, May 6, 2024

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