BlackRock Science and Technology Trust Stock Forecast
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:
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
BlackRock Science and Technology Trust stock price ended at $32.97 on Friday, after losing 2.92%.
(Updated on Apr 19, 2024)
The BlackRock Science and Technology Trust stock price fell by -2.92% on the last day (Friday, 19th Apr 2024) from $33.96 to $32.97. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.82% from a day low at $32.94 to a day high of $33.87. The price has fallen in 8 of the last 10 days and is down by -8.67% for this period. Volume has increased on the last day by 77 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, 148 thousand shares were bought and sold for approximately $4.88 million.
Given the current horizontal trend, you can expect BlackRock Science and Technology Trust stock with a 90% probability to be traded between $32.37 and $36.56 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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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 $34.60 and $36.18. 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 -12.71%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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.
Golden Star 12 Months
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 $0.93 (2.82%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.
BlackRock Science and Technology Trust is oversold on RSI14 (22). 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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect BlackRock Science and Technology Trust to open at $33.26, and during the day (based on 14 day Average True Range), to move between $32.36 and $33.58, which gives a possible trading interval of +/-$0.611 (+/-1.85%) 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 3.71% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $36.45, some $3.48 (10.56%) from the current price of $32.97, 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: -3.882 Sell Candidate Unchanged
Predicted Opening Price for BlackRock Science and Technology Trust of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$33.26 ( 0.88%) | $32.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.19 | 3.70 % | |
R2 | 33.83 | 2.62 % | ||
R1 | 33.62 | 1.96 % | ||
Current price: | 32.97 | |||
Support | S1 | 32.90 | -0.198 % | |
S2 | 32.69 | -0.86 % | ||
S3 | 32.33 | -1.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.28 | 13.07 % | |
R2 | 37.15 | 12.68 % | ||
R1 | 36.45 | 10.56 % | ||
Current price | 32.97 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
BST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.250 | 0.758% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.250 | 0.677% |
3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.250 | 0.680% |
4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.250 | 0.703% |
5 | Dec 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.250 | 0.737% |
FAQ
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