BST - BlackRock Science and Technology Trust

Exchange: NYSE

BST - BlackRock Science and Technology Trust

Exchange: NYSE
#1372()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 1.42%
PRICE $34.96
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

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BlackRock Science and Technology Trust Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-09-18
Shorts 0.54% ( 2018-08-31 )
Cash n/a
Loans n/a
Beta 0.96
ROA 41.35

BlackRock Science and Technology Trust gained 1.42% in the last trading day, rising from $34.47 to $34.96 The price has fallen in 6 of the last 10 days and is down by -1.94% for this period. Volume fell in the last day by -5 229 shares, and in total, 68 212 shares bought and sold for approximately $2.38 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

BlackRock Science and Technology Trust lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.64% during the next 3 months and, with 90% probability hold a price between $34.43 and $37.30 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. BlackRock Science and Technology Trust 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 $35.10. On a fall, the stock will find some support from the long-term average at approximately $34.57. 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 Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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A sell signal from a double top formation was found on Wednesday September 12, 2018 and based on theory for this formation the price should fall by -2.07% to $33.58 within 6 trading days since signal was issued (Thursday September 20, 2018).

Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

BlackRock Science and Technology Trust finds support from accumulated volume at $34.89.

Support: $34.89 Price: $34.96 Resistance: $35.32

Risk

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 $1.05 (3.06%) between high and low. For the last week, the stock has had a daily average volatility of 2.06%.

Our recommended stoploss: $33.13 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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