BLACKROCK CAPITAL ALLOC TR (BCAT) Stock Technical Analysis
NYSE:BCAT - New York Stock Exchange, Inc. - US09260U1097 - Currency: USD
Taking everything into account, BCAT scores 3 out of 10 in our technical rating. In the last year, BCAT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, 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 15.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.01, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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13.50
We found 3 important support areas.
- A support zone ranging from 14.91 to 15.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.56 from a horizontal line in the daily time frame.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 15.09 to 15.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 15.63 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 | 28.74 | NEGATIVE | BCAT has a low relative strength, it was outperformed by 71.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BCAT is above a declining 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) | 54.81 | 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) | 80.06 | OVERBOUGHT | The high Stochastics value suggests BCAT may be overbought. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for BCAT suggests low volalility. |
| Average Directional Index/ADX (14) | 11.4 | NEGATIVE | The low ADX value for BCAT suggests a weak or negative trend. |
15.06
+0.09 (+0.6%)