BKK stock: buy or sell?
Nov 27th, 2020
BKK stock brief
- Counting on Wednesday, it's been 5 consecutive sessions in positive for Blackrock Municipal 2020 Term. Price closed on Wednesday at $15.05 after just changing a 0.00%.
- , Blackrock Municipal 2020 Term presented its earnings report
- Blackrock Municipal 2020 Term was in a rectangle pattern ($14.93 - $15.04) until breaking out last Tuesday
- Last Tuesday broke out above its latest top at $15.04
- BlackRock Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC.
Should I buy Blackrock Municipal 2020 Term stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BKK stock a buy?
Currently, Blackrock Municipal 2020 Term stock matches 2 trading strategies:
Upbox buy setup
Blackrock Municipal 2020 Term has been swinging in an accumulation box ($14.93 - $15.04) and broke out last Tuesday. Price is now a 0.07% above the original buy point but it's still tradable with some additional risk
|Buy setup||Buy point||Stop loss||Risk|
|Upbox buy setup||$15.05||$14.48||3.77%|
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't struggle with upper resistances, and usually it scales rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Blackrock Municipal 2020 Term can break to ATH any time soon, as it only needs to rise a 2.86%. The buy point is at $15.48 if you want to trade with this strategy. The stop loss would be set at $14.48
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$15.48||$14.48||6.45%|
Should I sell Blackrock Municipal 2020 Term stock?
When you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your benefits. Like when we have to buy shares, choosing when is the best time to sell is not a capricious decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed setups are very easy to follow but are only applicable for selling shares in your porfolio, not for shorting $BKK stock
As a golden rule, you should never hold a trade that produces losses greater than those expected at the time of the buy. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Blackrock Municipal 2020 Term stock?
In the current situation of Blackrock Municipal 2020 Term there is not any eligible sell setup, so Blackrock Municipal 2020 Term stock holders with operations in green can keep their positions
Blackrock Municipal 2020 Term ratings
We don't have any rating published in the last month for Blackrock Municipal 2020 Term
Blackrock Municipal 2020 Term stock analysis
Supports and resistances
The current resistances are:
The current supports are:
The evolution of the Bollinger Bands on the chart reveals that they are quite tight (0.53%), which clearly indicates that price volatility is low. Reduced volatility is often the antecedent to a sharp movement (up or down), so we must be alert and manage our buy or sell orders accordingly
Relative strength index
When the RSI moves for so long below 70 and above 30, without signaling moments of overvaluation and undervaluation, the indicator loses its usefulness, and we are now in one of these cases.
Blackrock Municipal 2020 Term stock price history
Blackrock Municipal 2020 Term started trading on Sep 29th, 2003 priced at $7.02 per share1. Since then, BKK stock has risen by 114.39%, with an average of 6.73% per year. If you had invested $1,000USD in Blackrock Municipal 2020 Term stock on the IPO, it would have a value of $2,143.87 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Blackrock Municipal 2020 Term stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial information by the company, and many times. If you are a small investor you must not trade based on these forecasts.
In the previous 30 days we couldn't find any price target posted for Blackrock Municipal 2020 Term stock.
Earnings and financials
Blackrock Municipal 2020 Term ($BKK) had the quarterly investors event and presented the report.
BKK ($BKK) will host the quarterly earnings call.
If you own or you are planning to buy BKK stock, you must be vigilant as the financial reporting day usually has a higher than usual volatility, and price can soar and sink with unsually low liquidity and not honouring your buy or stop-loss orders. Have a look company's website to confirm time and details about the earnings call and the earnings report.
Blackrock Municipal 2020 Term performance
|Blackrock Municipal 2020 Term ($BKK)||0.30%||0.10%||1.60%|
Important note:The comments published in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual circumstances of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for learning purposes only
|Wednesday, November 25th, 2020|
|Day range||$15.05 - $15.06|
|Average true range||$0.02|
|50d mov avg||$15.01|
|100d mov avg||$15.01|
|200d mov avg||$14.89|
|Earnings date||December 31st, 1969|