BIT BLACKROCK MULTI-SECTOR Income TRUST Forecast, Technical & Fundamental Analysis
BlackRock Multi-Sector Income Trust is a closed-end investment management company... Show more
BIT in +0.65% Uptrend, advancing for three consecutive days on June 13, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BIT advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 04, 2025. You may want to consider a long position or call options on BIT as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BIT just turned positive on June 11, 2025. Looking at past instances where BIT's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for BIT moved above the 200-day moving average on June 20, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 300 cases where BIT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BIT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
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BIT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BIT has been closely correlated with PDI. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if BIT jumps, then PDI could also see price increases.
| Ticker / NAME | Correlation To BIT | 1D Price Change % | ||
|---|---|---|---|---|
| BIT | 100% | N/A | ||
| PDI - BIT | 72% Closely correlated | +0.37% | ||
| BINC - BIT | 59% Loosely correlated | +0.23% | ||
| BTZ - BIT | 59% Loosely correlated | +0.56% | ||
| EVV - BIT | 49% Loosely correlated | +0.60% | ||
| CGMS - BIT | 45% Loosely correlated | +0.29% | ||
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