BUI BlackRock Utilities Infrastructure & Power Opportunities Trust Forecast, Technical & Fundamental Analysis
BUI's RSI Indicator recovers from oversold territory
The RSI Oscillator for BUI moved out of oversold territory on October 30, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on BUI as a result. In of 89 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 BUI just turned positive on November 14, 2023. Looking at past instances where BUI'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 .
BUI moved above its 50-day moving average on November 17, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BUI crossed bullishly above the 50-day moving average on November 27, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BUI advanced for three days, in of 379 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 BUI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward 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
BUI and
Correlation & Price change
A.I.dvisor indicates that over the last year, BUI has been loosely correlated with UTG. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if BUI jumps, then UTG could also see price increases.