Blackstone/Gso Dynamic Credit Income Fd Stock Forecast
Red day on Thursday for Blackstone/Gso Dynamic Credit Income Fd stock after losing 0.0812%
(Updated on Mar 28, 2024)
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.
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
# | 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
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