RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Weaker technical forecast for Blackstone / GSO Strategic Credit Fund as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Dec 12, 2023 Gain 7.01% PDF

The Blackstone / GSO Strategic Credit Fund stock price gained 0.0841% on the last trading day (Thursday, 28th Mar 2024), rising from $11.89 to $11.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.548% from a day low at $11.87 to a day high of $11.94. The price has risen in 6 of the last 10 days and is up by 0.43% over the past 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 73 thousand shares were bought and sold for approximately $871.54 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 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 5.14% during the next 3 months and, with a 90% probability hold a price between $12.40 and $12.67 at the end of this 3-month period.

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BGB Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.335%. 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 Blackstone / GSO Strategic Credit Fund 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 $11.85 and $11.76. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Blackstone / GSO Strategic Credit Fund stock

Blackstone / GSO Strategic Credit Fund finds support from accumulated volume at $11.65 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 $0.0650 between high and low, or 0.548%. For the last week the stock has had daily average volatility of 0.542%

Our recommended stop-loss: $11.49 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (BGB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Blackstone / GSO Strategic Credit Fund to open at $11.90, and during the day (based on 14 day Average True Range), to move between $11.83 and $11.97, which gives a possible trading interval of +/-$0.0728 (+/-0.61%) up or down from last closing price. If Blackstone / GSO Strategic Credit Fund takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.94 (0.34%) than the support at $11.65 (2.10%), 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 Blackstone / GSO Strategic Credit Fund stock A Buy?

Blackstone / GSO Strategic Credit Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.925 Hold/Accumulate Downgraded

Predicted Opening Price for Blackstone / GSO Strategic Credit Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$11.90 ( 0.0140%) $11.90

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

Trading levels for BGB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.97 0.560 %
R2 11.94 0.352 %
R1 11.93 0.223 %
Current price: 11.90
Support S1 11.88 -0.195 %
S2 11.86 -0.324 %
S3 11.84 -0.532 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 11.94 0.336 %
Current price 11.90
Support S1 11.65 -2.10%
S2 11.61 -2.44%
S3 11.55 -2.94%

BGB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 22, 2024 May 22, 2024 May 31, 2024 $0.0930 0.782%
2 Apr 22, 2024 Apr 22, 2024 Apr 30, 2024 $0.0930 0.782%
3 Mar 20, 2024 Mar 20, 2024 Mar 28, 2024 $0.0930 0.782%
4 Dec 14, 2023 Feb 21, 2024 Feb 29, 2024 $0.0940 0.80%
5 Dec 28, 2023 Dec 28, 2023 Jan 31, 2024 $0.0940 0.81%

FAQ

What is the symbol for Blackstone / GSO Strategic Credit Fund Stock and on which exchange is it traded?
The symbol for Blackstone / GSO Strategic Credit Fund is BGB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Blackstone / GSO Strategic Credit Fund Stock?
Blackstone / GSO Strategic Credit Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

How to buy Blackstone / GSO Strategic Credit Fund Stock?
Blackstone / GSO Strategic Credit Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Blackstone / GSO Strategic Credit Fund Stock.

What's the current price of Blackstone / GSO Strategic Credit Fund Stock?
As of the end of day on the 2024-03-28, the price of an Blackstone / GSO Strategic Credit Fund (BGB) share was $11.90.

What is the 52-week high and low for Blackstone / GSO Strategic Credit Fund Stock?
The 52-week high for Blackstone / GSO Strategic Credit Fund Stock is $11.97 and the 52-week low is $10.40.

What is the market capitalization of Blackstone / GSO Strategic Credit Fund Stock?
As of the 2024-03-28, the market capitalization of Blackstone / GSO Strategic Credit Fund is 531.506M.
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About Blackstone / GSO Strategic Credit Fund

Blackstone/GSO Strategic Credit Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of differ... BGB Profile

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