Blackrock Muni Trust (BBK) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BBK
Overall BBK gets a technical rating of 0 out of 10. BBK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, BBK is a bad performer in the overall market: 96% of all stocks are doing better.
- In the last month BBK has a been trading in the 15.45 - 16.55 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: BBK has an average volume of 27079 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- BBK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BBK is lagging the market slightly.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, BBK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.98
We found 2 important support areas.
- A support zone ranging from 15.47 to 15.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.99 to 16.45. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for BBK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBK is down. |
| ChartMill Relative Strength | 4.96 | NEGATIVE | BBK has a low relative strength, it was outperformed by 95.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.75 | NEUTRAL | The RSI value for BBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BBK has a negative trend. |
| Stochastics (14,3) | 5.54 | OVERSOLD | The low Stochastics value suggests BBK may be oversold. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for BBK suggests low volalility. |
15.48
-0.09 (-0.58%)
Blackrock Muni Trust / BBK FAQ
What is the technical rating for BBK stock?
ChartMill assigns a technical rating of 0 / 10 to BBK.
What is the current trend direction of Blackrock Muni Trust (BBK) stock?
The current trend direction for Blackrock Muni Trust (BBK) is Bearish.
What is the RSI signal for BBK stock?
Blackrock Muni Trust (BBK) has an RSI value of 32.7522. This indicates that the stock is currently neutral.
What is the short term momentum for BBK stock?
The short term momentum for Blackrock Muni Trust (BBK) is negative.