BlackRock Science and Technology Trust Stock Forecast

Red day on Thursday for BlackRock Science and Technology Trust stock after losing 0.85%
(Updated on Apr 18, 2024)

BST Signals & Forecast

There are few to no technical positive signals at the moment. The BlackRock Science and Technology Trust 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 $34.98 and $36.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -10.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, May 09, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for BlackRock Science and Technology Trust stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.434 (1.28%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.

BlackRock Science and Technology Trust is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BST) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect BlackRock Science and Technology Trust to open at $34.10, and during the day (based on 14 day Average True Range), to move between $33.38 and $34.54, which gives a possible trading interval of +/-$0.579 (+/-1.70%) up or down from last closing price. If BlackRock Science and Technology Trust takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $36.45, some $2.49 (7.33%) from the current price of $33.96, our system finds the risk reward not very attractive.

Is BlackRock Science and Technology Trust stock A Buy?

BlackRock Science and Technology Trust holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.630 Sell Candidate Unchanged

Predicted Opening Price for BlackRock Science and Technology Trust of Friday, April 19, 2024

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