Blackrock Floating Rate Income Stock Forecast
Blackrock Floating Rate Income stock price up 0.0766% on Friday
(Updated on Apr 26, 2024)
The Blackrock Floating Rate Income stock price gained 0.0766% on the last trading day (Friday, 26th Apr 2024), rising from $13.05 to $13.06. During the last trading day the stock fluctuated 0.459% from a day low at $13.06 to a day high of $13.12. The price has risen in 7 of the last 10 days and is up by 1.24% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 82 thousand shares were bought and sold for approximately $1.07 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 3.32% during the next 3 months and, with a 90% probability hold a price between $13.26 and $13.73 at the end of this 3-month period.
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FRA Signals & Forecast
The Blackrock Floating Rate Income stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.06. On a fall, the stock will find some support from the long-term average at approximately $12.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, April 23, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found. 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 Floating Rate Income stock
Blackrock Floating Rate Income finds support from accumulated volume at $12.91 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 $0.0600 between high and low, or 0.459%. For the last week the stock has had daily average volatility of 0.646%
Our recommended stop-loss: $12.56 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (FRA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Blackrock Floating Rate Income Strategies Fund Inc to open at $13.08, and during the day (based on 14 day Average True Range), to move between $12.93 and $13.19, which gives a possible trading interval of +/-$0.130 (+/-1.00%) up or down from last closing price. If Blackrock Floating Rate Income Strategies Fund Inc takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.09 (0.23%) than the support at $12.91 (1.15%), 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 Floating Rate 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 Floating Rate Income stock to perform well in the short-term.
Current score: 1.503 Buy Candidate Unchanged
Predicted Opening Price for Blackrock Floating Rate Income Strategies Fund Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$13.08 ( 0.153%) | $13.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.14 | 0.613 % | |
R2 | 13.12 | 0.437 % | ||
R1 | 13.10 | 0.329 % | ||
Current price: | 13.06 | |||
Support | S1 | 13.06 | -0.0224 % | |
S2 | 13.04 | -0.131 % | ||
S3 | 13.02 | -0.306 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.21 | 1.15 % | |
R2 | 13.13 | 0.536 % | ||
R1 | 13.09 | 0.230 % | ||
Current price | 13.06 | |||
Support | S1 | 12.91 | -1.15% | |
S2 | 12.87 | -1.45% | ||
S3 | 12.61 | -3.45% |
FRA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.124 | 0.95% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.124 | 0.96% |
3 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0 | 0% |
4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.124 | 0.99% |
5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.124 | 1.01% |
FAQ
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