Blackrock Muni Income Trust (BBF) Technical Analysis
NYSE:BBF
Current stock price
BBF Technical Rating and Analysis
Overall BBF gets a technical rating of 6 out of 10. Although BBF is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, BBF is a bad performer in the overall market: 69% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- BBF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BBF has a been trading in the 13.43 - 14.43 range, which is quite wide. It is currently trading near the high of this range.
BBF Weekly and Daily overview Charts
BBF Setup Rating and Analysis
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
BBF Support and Resistance Analysis
12.52
When analyzing the support we can see 3 important areas.
- 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.
We found 1 important resistance 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.
BBF Technical Indicator Signal Analysis
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. |
BBF Chart- and CandleStick Pattern Analysis
BBF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:BBF (4/9/2021, 8:04:00 PM)
14.42
+0.08 (+0.56%)
Blackrock Muni Income Trust / BBF TA FAQ
What is the technical rating for BBF stock?
ChartMill assigns a technical rating of 6 / 10 to BBF.
Can you provide the trend direction for Blackrock Muni Income Trust?
The current trend direction for Blackrock Muni Income Trust (BBF) is Bullish.
What is the RSI signal for Blackrock Muni Income Trust (BBF) stock?
Blackrock Muni Income Trust (BBF) has an RSI value of 79.1025. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Blackrock Muni Income Trust?
The MACD indicator for Blackrock Muni Income Trust (BBF) has a value of 0.0856318, indicating a bearish trend.
Can you provide the support and resistance levels for Blackrock Muni Income Trust?
Blackrock Muni Income Trust (BBF) has a support level at 14.04 and a resistance level at 14.46. Check the full technical report for our detailed analysis of BBF support and resistance levels.