BLACKROCK INTERNATIONAL LTD Stock Forecast
BLACKROCK INTERNATIONAL LTD stock price up 0.95% on Friday
(Updated on Apr 26, 2024)
The BLACKROCK INTERNATIONAL LTD stock price gained 0.95% on the last trading day (Friday, 26th Apr 2024), rising from $5.24 to $5.29. During the last trading day the stock fluctuated 1.34% from a day low at $5.23 to a day high of $5.30. The price has been going up and down for this period, and there has been a 1.73% gain for the last 2 weeks. Volume fell on the last day by -121 thousand shares and in total, 89 thousand shares were bought and sold for approximately $469.30 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BLACKROCK INTERNATIONAL LTD stock with a 90% probability to be traded between $5.09 and $5.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BGY Signals & Forecast
There are mixed signals in the stock today. The BLACKROCK INTERNATIONAL LTD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.36. On a fall, the stock will find some support from the short-term average at $5.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.12%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for BLACKROCK INTERNATIONAL LTD stock
BLACKROCK INTERNATIONAL LTD finds support from accumulated volume at $5.28 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 controlled movements and therefore the general risk is considered 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 $0.0700 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect BLACKROCK INTERNATIONAL LTD to open at $5.27, and during the day (based on 14 day Average True Range), to move between $5.23 and $5.35, which gives a possible trading interval of +/-$0.0648 (+/-1.22%) up or down from last closing price. If BLACKROCK INTERNATIONAL LTD takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.30 (0.19%) than the support at $5.28 (0.19%), 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 BLACKROCK INTERNATIONAL LTD stock A Buy?
BLACKROCK INTERNATIONAL LTD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.699 Sell Candidate Unchanged
Predicted Opening Price for BLACKROCK INTERNATIONAL LTD of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $5.27 ( 0.315%) | $5.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.34 | 1.01 % | |
| R2 | 5.32 | 0.503 % | ||
| R1 | 5.30 | 0.190 % | ||
| Current price: | 5.29 | |||
| Support | S1 | 5.25 | -0.82 % | |
| S2 | 5.23 | -1.13 % | ||
| S3 | 5.20 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.36 | 1.32 % | |
| R2 | 5.32 | 0.567 % | ||
| R1 | 5.30 | 0.189 % | ||
| Current price | 5.29 | |||
| Support | S1 | 5.28 | -0.189% | |
| S2 | 5.27 | -0.378% | ||
| S3 | 5.15 | -2.65% |
BGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0338 | 0.639% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0338 | 0.611% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0338 | 0.633% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0338 | 0.640% |
| 5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0338 | 0.646% |
FAQ
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