Blackrock Muni Income Trust (BBF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBF -
We assign a technical rating of 6 out of 10 to BBF. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BBF is a bad performer.
BBF has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.52
3 important support areas can be observed.
- A support zone ranging from 13.54 to 14.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.20 to 13.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 12.65 to 12.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.46 to 14.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BBF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBF is up. |
| ChartMill Relative Strength | 31.49 | NEUTRAL | BBF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.1 | OVERBOUGHT | The high RSI value suggests BBF may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BBF has a positive trend. |
| Stochastics (14,3) | 97.76 | OVERBOUGHT | The high Stochastics value suggests BBF may be overbought. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for BBF suggests low volalility. |
NYSE:BBF (4/9/2021, 8:04:00 PM)
14.42
+0.08 (+0.56%)
Blackrock Muni Income Trust / BBF FAQ
What is the technical rating for BBF stock?
ChartMill assigns a technical rating of 6 / 10 to BBF.
What is the trend direction for BBF stock?
The current trend direction for Blackrock Muni Income Trust (BBF) is Bullish.
What is the RSI signal for BBF stock?
Blackrock Muni Income Trust (BBF) has an RSI value of 79.1025. This indicates that the stock is currently overbought.
What is the MACD signal for BBF stock?
The MACD indicator for Blackrock Muni Income Trust (BBF) has a value of 0.0856318, indicating a bearish trend.
What is the short term momentum for Blackrock Muni Income Trust (BBF) stock?
The short term momentum for Blackrock Muni Income Trust (BBF) is positive.