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 BBN
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BalckRock Taxable Municipal Bond Trust stock price ended at $16.45 on Wednesday, after gaining 0.0608%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 14, 2024 Loss -0.06% PDF

The BalckRock Taxable Municipal Bond Trust stock price gained 0.0608% on the last trading day (Wednesday, 27th Mar 2024), rising from $16.44 to $16.45. During the last trading day the stock fluctuated 0.98% from a day low at $16.38 to a day high of $16.54. The price has risen in 6 of the last 10 days but is still down by -1.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 145 thousand more shares were traded than the day before. In total, 289 thousand shares were bought and sold for approximately $4.75 million.

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 BalckRock Taxable Municipal Bond Trust stock with a 90% probability to be traded between $15.96 and $16.92 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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BBN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 1.04%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BalckRock Taxable Municipal Bond Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $16.51. On a fall, the stock will find some support from the short-term average at $16.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for BalckRock Taxable Municipal Bond Trust stock

BalckRock Taxable Municipal Bond Trust finds support from accumulated volume at $16.44 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 $0.160 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 0.684%.

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

Trading Expectations (BBN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect BalckRock Taxable Municipal Bond Trust to open at $16.46, and during the day (based on 14 day Average True Range), to move between $16.31 and $16.59, which gives a possible trading interval of +/-$0.143 (+/-0.87%) up or down from last closing price. If BalckRock Taxable Municipal Bond Trust takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.44 (0.06%) than the resistance at $16.46 (0.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BalckRock Taxable Municipal Bond Trust stock A Buy?

BalckRock Taxable Municipal Bond Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.447 Sell Candidate Unchanged

Predicted Opening Price for BalckRock Taxable Municipal Bond Trust of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$16.46 ( 0.0405%) $16.45

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

Trading levels for BBN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.62 1.01 %
R2 16.56 0.642 %
R1 16.52 0.412 %
Current price: 16.45
Support S1 16.40 -0.331 %
S2 16.36 -0.561 %
S3 16.30 -0.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.49 0.243 %
R2 16.48 0.182 %
R1 16.46 0.0608 %
Current price 16.45
Support S1 16.44 -0.0608%
S2 16.26 -1.16%
S3 16.15 -1.82%

BBN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.0929 0.565%
2 Feb 01, 2024 Feb 14, 2024 Feb 29, 2024 $0.0929 0.568%
3 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.0929 0.553%
4 Dec 05, 2023 Dec 14, 2023 Dec 20, 2023 $0.0929 0.565%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.0930 0.594%

FAQ

What is the symbol for BalckRock Taxable Municipal Bond Trust Stock and on which exchange is it traded?
The symbol for BalckRock Taxable Municipal Bond Trust is BBN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BalckRock Taxable Municipal Bond Trust Stock?
BalckRock Taxable Municipal Bond Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy BalckRock Taxable Municipal Bond Trust Stock?
BalckRock Taxable Municipal Bond 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 BalckRock Taxable Municipal Bond Trust Stock.

What's the current price of BalckRock Taxable Municipal Bond Trust Stock?
As of the end of day on the 2024-03-27, the price of an BalckRock Taxable Municipal Bond Trust (BBN) share was $16.45.

What is the 52-week high and low for BalckRock Taxable Municipal Bond Trust Stock?
The 52-week high for BalckRock Taxable Municipal Bond Trust Stock is $18.36 and the 52-week low is $14.33.

What is the market capitalization of BalckRock Taxable Municipal Bond Trust Stock?
As of the 2024-03-27, the market capitalization of BalckRock Taxable Municipal Bond Trust is 973.124M.
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About BalckRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds. The fund also invests in tax-exempt securities, U.S. treasury securities, obligations of the U.S. government, its agencies and instrumentaliti... BBN Profile

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