BlackRock Resources Stock Forecast
Green day on Thursday for BlackRock Resources stock after gaining 0.110%
(Updated on Apr 25, 2024)
The BlackRock Resources stock price gained 0.110% on the last trading day (Thursday, 25th Apr 2024), rising from $9.13 to $9.14. During the last trading day the stock fluctuated 1.10% from a day low at $9.05 to a day high of $9.15. The price has been going up and down for this period, and there has been a -2.66% loss for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 109 thousand shares were bought and sold for approximately $992.13 thousand. 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 strong 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 11.28% during the next 3 months and, with a 90% probability hold a price between $9.93 and $10.77 at the end of this 3-month period.
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BCX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.38%. Further fall is indicated until a new bottom pivot has been found. 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. The BlackRock Resources 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 $9.11 and $9.06. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for BlackRock Resources stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.37 and $8.34. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BlackRock Resources finds support just below today's level at $8.37. If this is broken, then the next support from accumulated volume will be at $8.34 and $8.31.
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 $0.0997 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 1.33%
Our recommended stop-loss: $8.74 (-4.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (BCX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect BlackRock Resources to open at $9.11, and during the day (based on 14 day Average True Range), to move between $9.01 and $9.27, which gives a possible trading interval of +/-$0.130 (+/-1.42%) up or down from last closing price. If BlackRock Resources takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.18 (0.44%) than the support at $8.37 (8.42%), 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 Resources 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 Resources stock to perform well in the short-term.
Current score: 1.859 Buy Candidate Unchanged
Predicted Opening Price for BlackRock Resources of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $9.11 ( 0.291%) | $9.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.21 | 0.80 % | |
| R2 | 9.18 | 0.383 % | ||
| R1 | 9.15 | 0.126 % | ||
| Current price: | 9.14 | |||
| Support | S1 | 9.08 | -0.707 % | |
| S2 | 9.05 | -0.96 % | ||
| S3 | 9.01 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.37 | 2.52 % | |
| R2 | 9.34 | 2.19 % | ||
| R1 | 9.18 | 0.438 % | ||
| Current price | 9.14 | |||
| Support | S1 | 8.37 | -8.42% | |
| S2 | 8.34 | -8.75% | ||
| S3 | 8.31 | -9.08% |
BCX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0518 | 0.566% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0518 | 0.570% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0518 | 0.623% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0518 | 0.608% |
| 5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0518 | 0.579% |
FAQ
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