BalckRock Taxable Municipal Bond Trust Stock Forecast
BalckRock Taxable Municipal Bond Trust stock price ended at $16.45 on Wednesday, after gaining 0.0608%.
(Updated on Mar 27, 2024)
The BalckRock Taxable Municipal Bond Trust stock price gained 0.0608% on the last trading day (Wednesday, 27th Mar 2024), rising from $16.44 to $16.45. During the last trading day the stock fluctuated 0.98% from a day low at $16.38 to a day high of $16.54. The price has risen in 6 of the last 10 days but is still down by -1.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 145 thousand more shares were traded than the day before. In total, 289 thousand shares were bought and sold for approximately $4.75 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BalckRock Taxable Municipal Bond Trust stock with a 90% probability to be traded between $15.96 and $16.92 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BBN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 1.04%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BalckRock Taxable Municipal Bond Trust 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 $16.51. On a fall, the stock will find some support from the short-term average at $16.39. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BalckRock Taxable Municipal Bond Trust stock
BalckRock Taxable Municipal Bond Trust finds support from accumulated volume at $16.44 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 0.98%. For the last week the stock has had daily average volatility of 0.684%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect BalckRock Taxable Municipal Bond Trust to open at $16.46, and during the day (based on 14 day Average True Range), to move between $16.31 and $16.59, which gives a possible trading interval of +/-$0.143 (+/-0.87%) up or down from last closing price. If BalckRock Taxable Municipal Bond Trust takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.44 (0.06%) than the resistance at $16.46 (0.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BalckRock Taxable Municipal Bond Trust stock A Buy?
BalckRock Taxable Municipal Bond Trust 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.
Current score: -1.447 Sell Candidate Unchanged
Predicted Opening Price for BalckRock Taxable Municipal Bond Trust of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$16.46 ( 0.0405%) | $16.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.62 | 1.01 % | |
R2 | 16.56 | 0.642 % | ||
R1 | 16.52 | 0.412 % | ||
Current price: | 16.45 | |||
Support | S1 | 16.40 | -0.331 % | |
S2 | 16.36 | -0.561 % | ||
S3 | 16.30 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.49 | 0.243 % | |
R2 | 16.48 | 0.182 % | ||
R1 | 16.46 | 0.0608 % | ||
Current price | 16.45 | |||
Support | S1 | 16.44 | -0.0608% | |
S2 | 16.26 | -1.16% | ||
S3 | 16.15 | -1.82% |
BBN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0929 | 0.565% |
2 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0929 | 0.568% |
3 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0929 | 0.553% |
4 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0929 | 0.565% |
5 | Nov 01, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.0930 | 0.594% |
FAQ
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