Blackstone/Gso Dynamic Credit Income Fd Stock Forecast

Red day on Wednesday for Blackstone/Gso Dynamic Credit Income Fd stock after losing 0%
(Updated on Apr 24, 2024)

BGX Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.330%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackstone/Gso Dynamic Credit Income Fd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.17 and $12.26. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $12.02 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 $0.0850 between high and low, or 0.701%. For the last week the stock has had daily average volatility of 0.625%.

Our recommended stop-loss: $11.42 (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (BGX) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Blackstone/Gso Dynamic Credit Income Fd to open at $12.17, and during the day (based on 14 day Average True Range), to move between $12.05 and $12.25, which gives a possible trading interval of +/-$0.0970 (+/-0.80%) 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 1.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.28 (1.07%) than the support at $12.02 (1.07%), 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?

Blackstone/Gso Dynamic Credit Income Fd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.694 Hold/Accumulate Unchanged

Predicted Opening Price for Blackstone/Gso Dynamic Credit Income Fd of Thursday, April 25, 2024

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