BLACKROCK CAPITAL ALLOC TR (BCAT) Stock Technical Analysis
NYSE:BCAT - US09260U1097
Overall BCAT gets a technical rating of 4 out of 10. In the last year, BCAT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, BCAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BCAT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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13.50
We found 2 important support areas.
- A support zone ranging from 14.56 to 14.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.64 to 13.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.10 to 15.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 15.57 to 15.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.66 to 17.00. 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 | NEUTRAL | NEUTRAL | The long term trend for BCAT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCAT is neutral. |
| ChartMill Relative Strength | 22.4 | NEGATIVE | BCAT has a low relative strength, it was outperformed by 77.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BCAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.33 | NEUTRAL | The RSI value for BCAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BCAT has a positive trend. |
| Stochastics (14,3) | 56.41 | NEUTRAL | The Stochastics value for BCAT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for BCAT suggests low volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for BCAT suggests a weak or negative trend. |
15.03
+0.09 (+0.6%)