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BCX
ETF ticker: NYSE
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Net Assets
914.4M

BCX Blackrock Resources & Commodities Strategy Trust Forecast, Technical & Fundamental Analysis

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BCX with price predictions
08:00 PM EDT Sep 24, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

BlackRock Resources & Commodities Strategy Trust operates as an investment trust. Its primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. The company invests at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.

Volume

The average weekly volume growth across all stocks in the Blackrock Resources & Commodities Strategy Trust ETF was 13%. For the same stocks of the ETF, the average monthly volume growth was 22% and the average quarterly volume growth was 18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 32
P/E Growth Rating: 74
Price Growth Rating: 37
SMR Rating: 42
Profit Risk Rating: 40
Seasonality Score: -16 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

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Profile
Fundamentals
Details
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Natural Resources
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Web
www.blackrock .com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BCX
1D Price
Change %
BCX100%
-0.96%
GUNR - BCX
87%
Closely correlated
+0.02%
GNR - BCX
87%
Closely correlated
+0.25%
VAW - BCX
73%
Closely correlated
+0.75%
XLB - BCX
72%
Closely correlated
+0.79%
LIT - BCX
61%
Loosely correlated
-0.05%