BME.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-19
Blackrock Health Sciences Trust gained 2.65% in the last trading day ( Monday, 19th Aug 2019 ), rising from £3.39 to £3.48 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.35% from a day low at £3.40 to a day high of £3.48. The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.58 million more shares were traded than the day before. In total, 2.56 million shares bought and sold for approximately £8.91 million.
- 30 day high of the BME.L stock price was £3.86 and low was £3.32.
- 90 day high was £3.87 and low was £3.13.
- 52 week high for Blackrock Health Sciences Trust - £417.50 and low - £2.78.
Blackrock Health Sciences Trust is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Blackrock Health Sciences Trust with a 90% probability to be traded between £3.17 and £3.82 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Blackrock Health Sciences Trust holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £3.51. On a fall, the stock will find some support from the short-term average at £3.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 31 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Blackrock Health Sciences Trust finds support from accumulated volume at £3.39.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.08 (2.35%) between high and low. For the last week, the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: £3.29 (-5.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
2.67 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!