Blackrock Core Bond Trust Stock Forecast
Blackrock Core Bond Trust stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Blackrock Core Bond Trust stock price fell by -0.575% on the last day (Wednesday, 24th Apr 2024) from $10.44 to $10.38. During the last trading day the stock fluctuated 0.773% from a day low at $10.35 to a day high of $10.43. The price has fallen in 6 of the last 10 days and is down by -1.98% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 108 thousand shares were bought and sold for approximately $1.12 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.54% during the next 3 months and, with a 90% probability hold a price between $9.91 and $10.45 at the end of this 3-month period.
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BHK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackrock Core Bond Trust 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 $10.61. On a fall, the stock will find some support from the short-term average at $10.35. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Blackrock Core Bond Trust stock
Blackrock Core Bond Trust finds support from accumulated volume at $10.37 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 therefore the general risk is considered very 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 $0.0800 between high and low, or 0.773%. For the last week the stock has had daily average volatility of 0.82%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Blackrock Core Bond Trust to open at $10.39, and during the day (based on 14 day Average True Range), to move between $10.28 and $10.48, which gives a possible trading interval of +/-$0.0968 (+/-0.93%) up or down from last closing price. If Blackrock Core Bond Trust takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.39 (0.10%) than the support at $10.37 (0.10%), 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 Core Bond Trust stock A Buy?
Blackrock Core Bond Trust 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.075 Sell Candidate Downgraded
Predicted Opening Price for Blackrock Core Bond Trust of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$10.39 ( 0.0642%) | $10.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.47 | 0.83 % | |
R2 | 10.44 | 0.541 % | ||
R1 | 10.42 | 0.359 % | ||
Current price: | 10.38 | |||
Support | S1 | 10.36 | -0.230 % | |
S2 | 10.34 | -0.412 % | ||
S3 | 10.31 | -0.706 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.80 | 4.05 % | |
R2 | 10.52 | 1.35 % | ||
R1 | 10.39 | 0.0963 % | ||
Current price | 10.38 | |||
Support | S1 | 10.37 | -0.0963% | |
S2 | 10.31 | -0.674% | ||
S3 | 10.30 | -0.771% |
BHK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0746 | 0.719% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0746 | 0.691% |
3 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0 | 0% |
4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0746 | 0.681% |
5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0746 | 0.689% |
FAQ
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