BCX Blackrock Resources & Commodities Strategy Trust Forecast, Technical & Fundamental Analysis
BCX in downward trend: price expected to drop as it breaks its higher Bollinger Band on September 01, 2023
BCX broke above its upper Bollinger Band on September 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 40 similar instances where the stock broke above the upper band. In of the 40 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BCX as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BCX turned negative on September 20, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
BCX moved below its 50-day moving average on September 25, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BCX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for BCX crossed bullishly above the 50-day moving average on August 30, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The 50-day moving average for BCX moved above the 200-day moving average on September 14, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BCX advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
Industry description
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MMIJX | 22.29 | 0.11 | +0.50% |
| Victory Integrity Mid-Cap Value Member | |||
| FDTCX | 26.52 | 0.13 | +0.49% |
| Fidelity Advisor® Diversified Stock C | |||
| GSUSX | 44.22 | 0.20 | +0.45% |
| Goldman Sachs US Equity Insights C | |||
| VPMCX | 147.78 | 0.31 | +0.21% |
| Vanguard PRIMECAP Inv | |||
| SOIAX | 8.25 | -0.01 | -0.12% |
| Spirit of America Real Estate Inc&Gr Ins | |||
BCX and
Correlation & Price change
A.I.dvisor indicates that over the last year, BCX has been closely correlated with GUNR. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if BCX jumps, then GUNR could also see price increases.