RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BTZ
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Weaker technical forecast for BlackRock Credit Allocation Income Trust as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The BlackRock Credit Allocation Income Trust stock price fell by -0.558% on the last day (Thursday, 28th Mar 2024) from $10.75 to $10.69. During the last trading day the stock fluctuated 0.748% from a day low at $10.69 to a day high of $10.77. The price has fallen in 7 of the last 10 days and is down by -1.75% for this period. Volume has increased on the last day by 476 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, 703 thousand shares were bought and sold for approximately $7.51 million.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $10.66 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BlackRock Credit Allocation Income Trust stock with a 90% probability to be traded between $10.83 and $11.40 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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BTZ Signals & Forecast

There are few to no technical positive signals at the moment. The BlackRock Credit Allocation Income 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 $10.70 and $10.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.99%. 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.

Support, Risk & Stop-loss for BlackRock Credit Allocation Income Trust stock

BlackRock Credit Allocation Income Trust finds support from accumulated volume at $10.67 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 $0.0800 between high and low, or 0.748%. For the last week the stock has had daily average volatility of 0.655%.

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

Trading Expectations (BTZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect BlackRock Credit Allocation Income Trust to open at $10.72, and during the day (based on 14 day Average True Range), to move between $10.60 and $10.78, which gives a possible trading interval of +/-$0.0890 (+/-0.83%) up or down from last closing price. If BlackRock Credit Allocation Income Trust takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.70 (0.09%) than the support at $10.67 (0.19%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is BlackRock Credit Allocation Income Trust stock A Buy?

BlackRock Credit Allocation Income Trust holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.028 Sell Candidate Downgraded

Predicted Opening Price for BlackRock Credit Allocation Income Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.72 ( 0.249%) $10.69

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

Trading levels for BTZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.80 1.00 %
R2 10.77 0.712 %
R1 10.75 0.535 %
Current price: 10.69
Support S1 10.69 -0.0364 %
S2 10.67 -0.213 %
S3 10.64 -0.499 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.91 2.06 %
R2 10.71 0.187 %
R1 10.70 0.0935 %
Current price 10.69
Support S1 10.67 -0.187%
S2 10.64 -0.468%
S3 10.63 -0.561%

BTZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.0839 0.784%
2 Feb 01, 2024 Feb 14, 2024 Feb 29, 2024 $0.0839 0.783%
3 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.0839 0.767%
4 Dec 05, 2023 Dec 14, 2023 Dec 20, 2023 $0.0839 0.82%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.0840 0.84%

FAQ

What is the symbol for BlackRock Credit Allocation Income Trust Stock and on which exchange is it traded?
The symbol for BlackRock Credit Allocation Income Trust is BTZ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BlackRock Credit Allocation Income Trust Stock?
BlackRock Credit Allocation Income Trust holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy BlackRock Credit Allocation Income Trust Stock?
BlackRock Credit Allocation Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BlackRock Credit Allocation Income Trust Stock.

What's the current price of BlackRock Credit Allocation Income Trust Stock?
As of the end of day on the 2024-03-28, the price of an BlackRock Credit Allocation Income Trust (BTZ) share was $10.69.

What is the 52-week high and low for BlackRock Credit Allocation Income Trust Stock?
The 52-week high for BlackRock Credit Allocation Income Trust Stock is $11.13 and the 52-week low is $9.10.

What is the market capitalization of BlackRock Credit Allocation Income Trust Stock?
As of the 2024-03-28, the market capitalization of BlackRock Credit Allocation Income Trust is 999.291M.
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About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation. It invests in investment grade corporate... BTZ Profile

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