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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BME.L
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Blackrock Health Sciences Trust stock price ended at £520.00 on Thursday, after gaining 1.44%.
(Updated on Apr 18, 2024)

Buy candidate since Apr 17, 2024 Gain 1.44% PDF

The Blackrock Health Sciences Trust stock price gained 1.44% on the last trading day (Thursday, 18th Apr 2024), rising from £512.60 to £520.00. During the last trading day the stock fluctuated 1.63% from a day low at £514.80 to a day high of £523.20. The price has been going up and down for this period, and there has been a -1.85% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately £1.54 billion.

The stock 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 stock with a 90% probability to be traded between £509.24 and £572.20 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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BME.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.00%. Further rise is indicated 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. The Blackrock Health Sciences 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 £531.08. On a fall, the stock will find some support from the short-term average at £508.77. 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).

Support, Risk & Stop-loss for Blackrock Health Sciences Trust stock

Blackrock Health Sciences Trust finds support from accumulated volume at £517.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £8.40 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 2.77%.

Our recommended stop-loss: £494.83 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (BME.L) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Blackrock Health Sciences Trust to open at £519.33, and during the day (based on 14 day Average True Range), to move between £507.44 and £532.56, which gives a possible trading interval of +/-£12.56 (+/-2.42%) up or down from last closing price. If Blackrock Health Sciences Trust takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £517.20 (0.54%) than the resistance at £529.80 (1.88%), 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 Health Sciences Trust stock A Buy?

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 Blackrock Health Sciences Trust stock to perform well in the short-term period.

Current score: 2.551 Buy Candidate Unchanged

Predicted Opening Price for Blackrock Health Sciences Trust of Friday, April 19, 2024

Fair opening price April 19, 2024 Current price
£519.33 ( 0.128%) £520.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BME.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 527.73 1.49 %
R2 524.52 0.87 %
R1 522.54 0.489 %
Current price: 520.00
Support S1 516.12 -0.745 %
S2 514.14 -1.13 %
S3 510.93 -1.74 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 547.00 5.19 %
R2 540.40 3.92 %
R1 529.80 1.88 %
Current price 520.00
Support S1 517.20 -0.538%
S2 500.00 -3.85%
S3 497.90 -4.25%

BME Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Jan 18, 2024 Feb 09, 2024 £0.200 0.0406%
2 Nov 16, 2023 Nov 16, 2023 Nov 16, 2023 £5.10 0.96%
3 Jun 29, 2023 Jun 29, 2023 Jun 29, 2023 £9.60 1.74%
4 Jan 05, 2023 Jan 12, 2023 Feb 03, 2023 £20.00 4.05%
5 Nov 10, 2022 Nov 17, 2022 Dec 16, 2022 £5.00 1.22%

FAQ

What is the symbol for Blackrock Health Sciences Trust Stock and on which exchange is it traded?
The symbol for Blackrock Health Sciences Trust is BME.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Blackrock Health Sciences Trust Stock?
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 Blackrock Health Sciences Trust stock to perform well in the short-term period.

How to buy Blackrock Health Sciences Trust Stock?
Blackrock Health Sciences Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Blackrock Health Sciences Trust Stock.

What's the current price of Blackrock Health Sciences Trust Stock?
As of the end of day on the 2024-04-18, the price of an Blackrock Health Sciences Trust (BME.L) share was £520.00.

What is the 52-week high and low for Blackrock Health Sciences Trust Stock?
The 52-week high for Blackrock Health Sciences Trust Stock is £618.20 and the 52-week low is £454.00.

What is the market capitalization of Blackrock Health Sciences Trust Stock?
As of the 2024-04-18, the market capitalization of Blackrock Health Sciences Trust is 5.215B.

When is the next earnings date for Blackrock Health Sciences Trust?
The upcoming earnings date for Blackrock Health Sciences Trust is Jun 05, 2024.
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About Blackrock Health Sciences Trust

Blackrock Health Sciences Trust B&M European Value Retail S.A. operates general merchandise and grocery stores. The company operates a chain of 701 stores under the B&M brand, and 311 stores under the Heron Foods and B&M Express brands in the United Kingdom; and 107 stores under the B&M brand in France. It also provides employment and property management services. The company was founded in 1978 and is based in Luxembourg, Luxembourg.... BME.L Profile

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