BLACKROCK CAPITAL ALLOC TR (BCAT) Stock Technical Analysis
NYSE:BCAT • US09260U1097
Overall BCAT gets a technical rating of 7 out of 10. Although BCAT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- BCAT 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 BCAT is lagging the market slightly.
- When compared to the yearly performance of all other stocks, BCAT outperforms 47% of them, which is more or less in line with the market.
- In the last month BCAT has a been trading in a tight range between 14.53 and 15.27.
Although BCAT has an excellent technical rating, the quality of the presented setup is not ideal 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.
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13.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.56 to 14.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.14 from a horizontal line in the daily time frame.
- A support zone ranging from 13.64 to 13.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.21 to 15.30. 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 BCAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCAT is up. |
| ChartMill Relative Strength | 47.09 | NEUTRAL | BCAT is not amongst the best or worst performers 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 | MIXED | The current price of BCAT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.74 | 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) | 82.74 | OVERBOUGHT | The high Stochastics value suggests BCAT may be overbought. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for BCAT suggests low volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for BCAT suggests a weak or negative 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 |
|---|---|---|---|
| 15.31 | 14.59 | 0.72 (4.70%) | 21.26% |
| An entry @15.31. This is a Buy Stop order right above the resistance zone. | An exit @14.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.72 points, which is 4.70%. | When investing 21.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
15.18
+0.02 (+0.13%)
BLACKROCK CAPITAL ALLOC TR / BCAT FAQ
What is the ChartMill technical rating of BLACKROCK CAPITAL ALLOC TR (BCAT) stock?
ChartMill assigns a technical rating of 7 / 10 to BCAT.
Can you provide the trend direction for BLACKROCK CAPITAL ALLOC TR?
The current trend direction for BLACKROCK CAPITAL ALLOC TR (BCAT) is Bullish.
Can you provide the RSI signal for BLACKROCK CAPITAL ALLOC TR?
BLACKROCK CAPITAL ALLOC TR (BCAT) has an RSI value of 63.7413. This indicates that the stock is currently neutral.
What is the short term momentum for BCAT stock?
The short term momentum for BLACKROCK CAPITAL ALLOC TR (BCAT) is positive.
What are the support and resistance levels for BLACKROCK CAPITAL ALLOC TR (BCAT) stock?
BLACKROCK CAPITAL ALLOC TR (BCAT) has a support level at 14.97 and a resistance level at 15.21. Check the full technical report for our detailed analysis of BCAT support and resistance levels.