BSE.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-16
No changes to the price of BlackRock New York Insured Municipal Inc in the last trading day ( Friday, 16th Aug 2019 ). During the day the stock fluctuated 0.00% from a day low at A$0.13 to a day high of A$0.13. The price has been going up and down for this period, and there has been a -4% loss for the last 2 weeks.
- 30 day high of the BSE.L stock price was A$0.14 and low was A$0.13.
- 90 day high was A$0.14 and low was A$0.12.
- 52 week high for BlackRock New York Insured Municipal Inc - A$15.25 and low - A$0.12.
BlackRock New York Insured Municipal Inc 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 New York Insured Municipal Inc with a 90% probability to be traded between A$0.12 and A$0.14 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.
BlackRock New York Insured Municipal Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately A$0.13. On a fall, the stock will find some support from the long-term average at approximately A$0.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday August 09, 2019, which indicates further gains 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. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 39 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 New York Insured Municipal Inc finds support from accumulated volume at A$0.13.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved A$0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.34%.
Our recommended stop-loss: A$0.12 (-6.22%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 5 days ago.)
0.34 %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!