BLACKROCK TAXABLE MUNI BND (BBN) Stock Technical Analysis
USA - NYSE:BBN - US09248X1000
Overall BBN gets a technical rating of 8 out of 10. Although BBN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, BBN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 16.96, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBN 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
15.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.33 to 16.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.83 to 15.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.44 to 15.51. 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 17.09 to 17.24. 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 | UP | POSITIVE | The long term trend for BBN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBN is up. |
| ChartMill Relative Strength | 63.64 | NEUTRAL | BBN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.11 | NEUTRAL | The RSI value for BBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.18 | NEUTRAL | The Stochastics value for BBN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for BBN suggests low volalility. |
| Average Directional Index/ADX (14) | 42.84 | POSITIVE | The high ADX value value for BBN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.25 | 16.84 | 0.41 (2.38%) | 25.00% |
| An entry @17.25. This is a Buy Stop order right above the resistance zone. | An exit @16.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.41 points, which is 2.38%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.06
-0.11 (-0.64%)
BLACKROCK TAXABLE MUNI BND / BBN FAQ
Can you provide the ChartMill technical rating for BLACKROCK TAXABLE MUNI BND?
ChartMill assigns a technical rating of 8 / 10 to BBN.
What is the trend direction for BBN stock?
The current trend direction for BLACKROCK TAXABLE MUNI BND (BBN) is Bullish.
What is the RSI signal for BBN stock?
BLACKROCK TAXABLE MUNI BND (BBN) has an RSI value of 58.1116. This indicates that the stock is currently neutral.
What is the MACD signal for BBN stock?
The MACD indicator for BLACKROCK TAXABLE MUNI BND (BBN) has a value of 0.0172872, indicating a bearish trend.
What are the support and resistance levels for BLACKROCK TAXABLE MUNI BND (BBN) stock?
BLACKROCK TAXABLE MUNI BND (BBN) has a support level at 16.96 and a resistance level at 17.09. Check the full technical report for our detailed analysis of BBN support and resistance levels.