BLACKROCK ENHANCED EQTY DVD (BDJ) Stock Technical Analysis
USA - NYSE:BDJ - US09251A1043
We assign a technical rating of 7 out of 10 to BDJ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BDJ is only an average performer.
BDJ has an excellent technical rating and also presents a decent setup pattern. 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 9.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BDJ 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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7.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.87 to 9.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.69 to 8.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.52 from a horizontal line in the daily time frame.
- A support zone ranging from 7.88 to 7.97. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @7.72 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.05 to 9.11. 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 BDJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BDJ is up. |
| ChartMill Relative Strength | 52.41 | NEUTRAL | BDJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BDJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BDJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BDJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.13 | NEUTRAL | The RSI value for BDJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BDJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.86 | OVERBOUGHT | The high Stochastics value suggests BDJ may be overbought. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for BDJ suggests low volalility. |
| Average Directional Index/ADX (14) | 21.45 | NEUTRAL | The ADX value for BDJ suggests a possible start of a new 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 |
|---|---|---|---|
| 9.12 | 8.94 | 0.18 (1.97%) | 25.00% |
| An entry @9.12. This is a Buy Stop order right above the resistance zone. | An exit @8.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 1.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- 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.
9.05
-0.04 (-0.44%)