Blackrock Capital and Income Strategies Stock Forecast

Red day on Thursday for Blackrock Capital and Income Strategies stock after losing 0.108%
(Updated on Apr 18, 2024)

CII Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.0541%. 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. The Blackrock Capital and Income Strategies 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 $18.76 and $19.28. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Blackrock Capital and Income Strategies gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Tuesday, May 16, 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 Capital and Income Strategies stock

Blackrock Capital and Income Strategies finds support from accumulated volume at $18.48 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 $0.179 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.45%.

Blackrock Capital and Income Strategies 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: $17.47 (-5.52%) (This stock has low daily movements and this gives low risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)

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

For the upcoming trading day on Friday, 19th we expect Blackrock Capital and Income Strategies Fund Inc to open at $18.50, and during the day (based on 14 day Average True Range), to move between $18.27 and $18.71, which gives a possible trading interval of +/-$0.224 (+/-1.21%) up or down from last closing price. If Blackrock Capital and Income Strategies Fund Inc takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.48 (0.05%) than the resistance at $19.34 (4.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Blackrock Capital and Income Strategies Fund Inc stock A Buy?

Blackrock Capital and Income Strategies holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.646 Hold/Accumulate Unchanged

Predicted Opening Price for Blackrock Capital and Income Strategies Fund Inc of Friday, April 19, 2024

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