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AI Analysis of BUI
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Green day on Wednesday for BlackRock Utility and Infrastructure
(Updated on Apr 24, 2024)

Buy candidate since Apr 23, 2024 Gain 0.61% PDF

The BlackRock Utility and Infrastructure stock price gained 0.612% on the last trading day (Wednesday, 24th Apr 2024), rising from $21.25 to $21.38. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.776% from a day low at $21.28 to a day high of $21.44. The price has risen in 7 of the last 10 days and is up by 2.94% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 50 thousand shares were bought and sold for approximately $1.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BlackRock Utility and Infrastructure stock with a 90% probability to be traded between $20.09 and $21.59 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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BUI Signals & Forecast

The BlackRock Utility and Infrastructure stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.81 and $21.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.84%. Further rise is indicated 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for BlackRock Utility and Infrastructure stock

BlackRock Utility and Infrastructure finds support from accumulated volume at $21.04 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.165 between high and low, or 0.776%. For the last week the stock has had daily average volatility of 1.04%

Since the BlackRock Utility and Infrastructure has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $20.59 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (BUI) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect BlackRock Utility and Infrastructure Trust to open at $21.37, and during the day (based on 14 day Average True Range), to move between $21.11 and $21.65, which gives a possible trading interval of +/-$0.266 (+/-1.24%) up or down from last closing price. If BlackRock Utility and Infrastructure Trust takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.39 (0.05%) than the support at $21.04 (1.59%), 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 Utility and Infrastructure Trust stock A Buy?

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 BlackRock Utility and Infrastructure stock to perform well in the short-term period.

Current score: 1.901 Buy Candidate Unchanged

Predicted Opening Price for BlackRock Utility and Infrastructure Trust of Thursday, April 25, 2024

Fair opening price April 25, 2024 Current price
$21.37 ( 0.0702%) $21.38

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

Trading levels for BUI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.53 0.702 %
R2 21.47 0.407 %
R1 21.43 0.225 %
Current price: 21.38
Support S1 21.30 -0.365 %
S2 21.26 -0.547 %
S3 21.20 -0.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.73 1.64 %
R2 21.57 0.89 %
R1 21.39 0.0468 %
Current price 21.38
Support S1 21.04 -1.59%
S2 20.94 -2.06%
S3 20.77 -2.85%

BUI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 01, 2024 Apr 12, 2024 Apr 30, 2024 $0.121 0.566%
2 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.121 0.561%
3 Feb 01, 2024 Feb 14, 2024 Feb 29, 2024 $0.121 0.580%
4 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.121 0.574%
5 Dec 05, 2023 Dec 14, 2023 Dec 20, 2023 $0.121 0.572%

FAQ

What is the symbol for BlackRock Utility and Infrastructure Trust Stock and on which exchange is it traded?
The symbol for BlackRock Utility and Infrastructure Trust is BUI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BlackRock Utility and Infrastructure Trust Stock?
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 BlackRock Utility and Infrastructure stock to perform well in the short-term period.

How to buy BlackRock Utility and Infrastructure Trust Stock?
BlackRock Utility and Infrastructure 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 Utility and Infrastructure Trust Stock.

What's the current price of BlackRock Utility and Infrastructure Trust Stock?
As of the end of day on the Apr 24, 2024, the price of an BlackRock Utility and Infrastructure Trust (BUI) share was $21.38.

What is the 52-week high and low for BlackRock Utility and Infrastructure Trust Stock?
The 52-week high for BlackRock Utility and Infrastructure Trust Stock is $23.50 and the 52-week low is $18.73.

What is the market capitalization of BlackRock Utility and Infrastructure Trust Stock?
As of the Apr 24, 2024, the market capitalization of BlackRock Utility and Infrastructure Trust is 470.914M.
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