BBN Forecast and Technical Stock Analysis
Sell candidate since 2019-09-10 Loss -2.06% PDF
BalckRock Taxable Municipal Bond Trust fell by -1.94% in the last day ( Friday, 13th Sep 2019 ) from $24.52 to $24.05 and has now fallen 8 days in a row. During the day the stock fluctuated 2.18% from a day low at $23.90 to a day high of $24.42. The price has fallen in 7 of the last 10 days and is down by -4.77% for this period. Volume has increased in the last day by 185 039 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 415 229 shares bought and sold for approximately $9.98 million.
- 30 day high of the BBN stock price was $25.65 and low was $23.90.
- 90 day high was $25.65 and low was $23.09.
- 52 week high for BalckRock Taxable Municipal Bond Trust - $25.65 and low - $19.59.
Given the current short-term trend, the stock is expected to rise 9.13% during the next 3 months and, with 90% probability hold a price between $26.24 and $28.09 at the end of this period.
There are few to none technical positive signals at the moment. BalckRock Taxable Municipal Bond Trust holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $24.72 and $24.72. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday September 04, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
BalckRock Taxable Municipal Bond Trust finds support from accumulated volume at $23.79.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.52 (2.18%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.
BalckRock Taxable Municipal Bond Trust is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.66 %Average volatility
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The BalckRock Taxable Municipal Bond Trust stock holds several negative signals and despite the positive trend we believe BalckRock Taxable Municipal Bond Trust will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!