BlackRock Capital Investment Corporation Stock Forecast
BlackRock Capital Investment Corporation stock price ended at $3.68 on Thursday, after losing 0%.
(Updated on Mar 28, 2024)
No changes to the price of BlackRock Capital Investment Corporation stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $3.68 to a day high of $3.68. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks.
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 -6.63% during the next 3 months and, with a 90% probability hold a price between $3.30 and $3.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BKCC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 0.272%. 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 Capital Investment Corporation 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 $3.68 and $3.73. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BlackRock Capital Investment Corporation stock
BlackRock Capital Investment Corporation finds support from accumulated volume at $3.67 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $3.45 (-6.18%) (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 (BKCC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BlackRock Capital Investment Corporation to open at $3.68, and during the day (based on 14 day Average True Range), to move between $3.64 and $3.72, which gives a possible trading interval of +/-$0.0437 (+/-1.19%) up or down from last closing price. If BlackRock Capital Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.67 (0.27%) than the resistance at $3.75 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BlackRock Capital Investment Corporation stock A Buy?
BlackRock Capital Investment Corporation 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BlackRock Capital Investment Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$3.68 ( 0%) | $3.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKCC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.68 | . | |
R2 | 3.68 | . | ||
R1 | 3.68 | . | ||
Current price: | 3.68 | |||
Support | S1 | 3.68 | . | |
S2 | 3.68 | . | ||
S3 | 3.68 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.93 | 6.79 % | |
R2 | 3.80 | 3.26 % | ||
R1 | 3.75 | 1.90 % | ||
Current price | 3.68 | |||
Support | S1 | 3.67 | -0.272% | |
S2 | 3.66 | -0.543% | ||
S3 | 3.62 | -1.63% |
BKCC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.100 | 2.72% |
2 | Nov 07, 2023 | Dec 14, 2023 | Jan 08, 2024 | $0.100 | 2.51% |
3 | Aug 01, 2023 | Sep 14, 2023 | Oct 06, 2023 | $0.100 | 2.85% |
4 | Apr 26, 2023 | Jun 14, 2023 | Oct 06, 2023 | $0.100 | 2.85% |
5 | Feb 28, 2023 | Mar 15, 2023 | Apr 06, 2023 | $0.100 | 2.94% |
FAQ
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