Blackrock Health Sciences Trust Forecast and Stock Analysis
Technical BME.L stock analysis for February 15, 2019.
|Shorts||1.88% ( 2013-01-15 )|
Blackrock Health Sciences Trust fell by -0.09% in the last day from £326.40 to £326.10 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -0.28% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.96 million shares and in total 2.08 million shares bought and sold for approximately £678.96 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the BME.L stock was £326.10. This is 0.09% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.93% from a day low at £321.70 to a day high of £327.90.
30 day high of the BME.L stock price was £333.70 and low was £308.70.
90 day high was £359.90 and low was £277.70.
52 week high for the Blackrock Health Sciences Trust - £436.40 and low - £277.70.
Blackrock Health Sciences Trust lies in the middle of a very wide and 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 -4.09% during the next 3 months and, with 90% probability hold a price between £259.35 and £332.10 at the end of this period.
Blackrock Health Sciences Trust holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £324.66 and £316.15. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Blackrock Health Sciences Trust finds support from accumulated volume at £325.80.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £6.20 (1.93%) between high and low. For the last week, the stock has had a daily average volatility of 2.47%.
Our recommended stoploss: £312.35 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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Blackrock Health Sciences Trust holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.