Blackstone/Gso Dynamic Credit Income Fd Stock Forecast
Blackstone/Gso Dynamic Credit Income Fd stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Blackstone/Gso Dynamic Credit Income Fd stock price gained 0.330% on the last trading day (Friday, 26th Apr 2024), rising from $12.11 to $12.15. During the last trading day the stock fluctuated 0.83% from a day low at $12.12 to a day high of $12.22. The price has risen in 5 of the last 10 days but is still down by -0.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately $514.55 thousand.
The stock has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $12.16. A reaction back to this level may hold a second chance to get out before further falls.
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BGX Signals & Forecast
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 $12.16 and $12.25. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. 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. Blackstone/Gso Dynamic Credit Income Fd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 $12.11 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 $0.100 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 0.614%.
Our recommended stop-loss: $11.41 (-6.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BGX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Blackstone/Gso Dynamic Credit Income Fd to open at $12.16, 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 +/-$0.0955 (+/-0.79%) 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 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.11 (0.33%) than the resistance at $12.28 (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blackstone/Gso Dynamic Credit Income Fd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.182 Buy Candidate Upgraded
Predicted Opening Price for Blackstone/Gso Dynamic Credit Income Fd of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$12.16 ( 0.110%) | $12.15 |
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 | 12.26 | 0.93 % | |
R2 | 12.23 | 0.618 % | ||
R1 | 12.20 | 0.424 % | ||
Current price: | 12.15 | |||
Support | S1 | 12.13 | -0.205 % | |
S2 | 12.10 | -0.399 % | ||
S3 | 12.06 | -0.713 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.31 | 1.32 % | |
R2 | 12.30 | 1.23 % | ||
R1 | 12.28 | 1.07 % | ||
Current price | 12.15 | |||
Support | S1 | 12.11 | -0.329% | |
S2 | 11.96 | -1.56% | ||
S3 | 11.91 | -1.98% |
BGX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 22, 2024 | May 22, 2024 | May 31, 2024 | $0.105 | 0.86% |
2 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.105 | 0.86% |
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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