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AI Analysis of BGX
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Red day on Thursday for Blackstone/Gso Dynamic Credit Income Fd stock after losing 0.0812%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 13, 2024 Gain 2.93% PDF

The Blackstone/Gso Dynamic Credit Income Fd stock price fell by -0.0812% on the last day (Thursday, 28th Mar 2024) from $12.32 to $12.31. During the last trading day the stock fluctuated 0.407% from a day low at $12.30 to a day high of $12.35. The price has risen in 5 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume has increased on the last day by 21 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 57 thousand shares were bought and sold for approximately $705.34 thousand.

The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.80% during the next 3 months and, with a 90% probability hold a price between $13.22 and $13.47 at the end of this 3-month period.

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BGX Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -0.646%. 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). Blackstone/Gso Dynamic Credit Income Fd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The Blackstone/Gso Dynamic Credit Income Fd 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 $12.31 and $12.15. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Thursday, December 07, 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 Thursday, December 07, 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 Dynamic Credit Income Fd stock

Blackstone/Gso Dynamic Credit Income Fd finds support from accumulated volume at $11.96 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 $0.0500 between high and low, or 0.407%. For the last week the stock has had daily average volatility of 0.677%.

Our recommended stop-loss: $11.96 (-2.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Blackstone/Gso Dynamic Credit Income Fd to open at $12.32, and during the day (based on 14 day Average True Range), to move between $12.22 and $12.40, which gives a possible trading interval of +/-$0.0918 (+/-0.75%) up or down from last closing price. If Blackstone/Gso Dynamic Credit Income Fd takes out the full calculated possible swing range there will be an estimated 1.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.32 (0.08%) than the support at $11.96 (2.84%), 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 Dynamic Credit Income Fd 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 Blackstone/Gso Dynamic Credit Income Fd stock to perform well in the short-term.

Current score: 1.777 Buy Candidate Unchanged

Predicted Opening Price for Blackstone/Gso Dynamic Credit Income Fd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$12.32 ( 0.0812%) $12.31

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

Trading levels for BGX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.37 0.487 %
R2 12.35 0.332 %
R1 12.34 0.236 %
Current price: 12.31
Support S1 12.30 -0.0739 %
S2 12.29 -0.170 %
S3 12.27 -0.325 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.39 0.650 %
R2 12.33 0.162 %
R1 12.32 0.0812 %
Current price 12.31
Support S1 11.96 -2.84%
S2 11.91 -3.25%
S3 11.60 -5.77%

BGX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 22, 2024 May 22, 2024 May 31, 2024 $0.105 0.85%
2 Apr 22, 2024 Apr 22, 2024 Apr 30, 2024 $0.105 0.85%
3 Mar 20, 2024 Mar 20, 2024 Mar 28, 2024 $0.105 0.85%
4 Dec 14, 2023 Feb 21, 2024 Feb 29, 2024 $0.103 0.85%
5 Dec 11, 2023 Dec 28, 2023 Jan 31, 2024 $0.103 0.86%

FAQ

What is the symbol for Blackstone/Gso Dynamic Credit Income Fd Stock and on which exchange is it traded?
The symbol for Blackstone/Gso Dynamic Credit Income Fd is BGX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Blackstone/Gso Dynamic Credit Income Fd Stock?
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 Blackstone/Gso Dynamic Credit Income Fd stock to perform well in the short-term.

How to buy Blackstone/Gso Dynamic Credit Income Fd Stock?
Blackstone/Gso Dynamic Credit Income Fd 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 Dynamic Credit Income Fd Stock.

What's the current price of Blackstone/Gso Dynamic Credit Income Fd Stock?
As of the end of day on the 2024-03-28, the price of an Blackstone/Gso Dynamic Credit Income Fd (BGX) share was $12.31.

What is the 52-week high and low for Blackstone/Gso Dynamic Credit Income Fd Stock?
The 52-week high for Blackstone/Gso Dynamic Credit Income Fd Stock is $12.44 and the 52-week low is $10.69.

What is the market capitalization of Blackstone/Gso Dynamic Credit Income Fd Stock?
As of the 2024-03-28, the market capitalization of Blackstone/Gso Dynamic Credit Income Fd is 156.439M.
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About Blackstone/Gso Dynamic Credit Income Fd

Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest 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 loans and fixed-income instruments of corporate ... BGX Profile

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