Blackrock Frontiers Investment Trust Plc Stock Forecast
Evaluation of Blackrock Frontiers Investment Trust Plc stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Blackrock Frontiers Investment Trust Plc stock price fell by -0.676% on the last day (Thursday, 18th Apr 2024) from £148.00 to £147.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.74% from a day low at £147.00 to a day high of £152.49. The price has fallen in 6 of the last 10 days and is down by -4.23% for this period. Volume has increased on the last day by 124 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 318 thousand shares were bought and sold for approximately £46.74 million.
Given the current short-term trend, the stock is expected to rise 5.99% during the next 3 months and, with a 90% probability hold a price between £155.81 and £166.10 at the end of this 3-month period.
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BRFI.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackrock Frontiers Investment Trust Plc 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 £152.25 and £152.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -5.77%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Blackrock Frontiers Investment Trust Plc stock
Blackrock Frontiers Investment Trust Plc finds support from accumulated volume at £146.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.49 between high and low, or 3.74%. For the last week the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRFI.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Blackrock Frontiers Investment Trust Plc to open at £148.83, and during the day (based on 14 day Average True Range), to move between £141.95 and £152.05, which gives a possible trading interval of +/-£5.05 (+/-3.44%) up or down from last closing price. If Blackrock Frontiers Investment Trust Plc takes out the full calculated possible swing range there will be an estimated 6.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £146.50 (0.34%) than the resistance at £150.50 (2.38%), 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 Frontiers Investment Trust Plc stock A Buy?
The Blackrock Frontiers Investment Trust Plc stock holds several negative signals and despite the positive trend, we believe Blackrock Frontiers Investment Trust Plc will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.196 Sell Candidate Downgraded
Predicted Opening Price for Blackrock Frontiers Investment Trust Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £148.83 ( 1.25%) | £147.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRFI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.32 | 4.98 % | |
| R2 | 152.22 | 3.55 % | ||
| R1 | 150.93 | 2.67 % | ||
| Current price: | 147.00 | |||
| Support | S1 | 146.73 | -0.182 % | |
| S2 | 145.44 | -1.06 % | ||
| S3 | 143.34 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.50 | 4.42 % | |
| R2 | 152.50 | 3.74 % | ||
| R1 | 150.50 | 2.38 % | ||
| Current price | 147.00 | |||
| Support | S1 | 146.50 | -0.340% | |
| S2 | 146.00 | -0.680% | ||
| S3 | 144.25 | -1.87% |
BRFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | £0.0386 | 0.0268% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £2.44 | 1.74% |
| 3 | Dec 08, 2022 | Jan 05, 2023 | Feb 14, 2023 | £3.44 | 2.45% |
| 4 | May 26, 2022 | Jun 01, 2022 | Jun 24, 2022 | £2.20 | 1.84% |
| 5 | Dec 01, 2021 | Jan 06, 2022 | Feb 11, 2022 | £3.18 | 2.42% |
FAQ
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