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 sees its 50-day moving average cross bullishly above its 200-day moving average
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.
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 76 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 48 cases 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 BIT advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 317 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 14 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 20 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
BIT broke above its upper Bollinger Band on June 27, 2025. 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.
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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 73% 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% | -0.14% | ||
| PDI - BIT | 73% Closely correlated | +0.31% | ||
| BINC - BIT | 58% Loosely correlated | -0.06% | ||
| CGMS - BIT | 46% Loosely correlated | -0.04% | ||
| JPIE - BIT | 32% Poorly correlated | -0.10% | ||
| PYLD - BIT | 31% Poorly correlated | -0.15% |