BLACKROCK ENHANCED EQTY DVD (BDJ) Stock Technical Analysis
NYSE:BDJ - New York Stock Exchange, Inc. - US09251A1043 - Currency: USD
Taking everything into account, BDJ scores 5 out of 10 in our technical rating. In the last year, BDJ was an 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, BDJ does present a nice setup opportunity. 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 8.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.53, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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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7.64
2 important support areas can be observed.
- A support zone ranging from 8.35 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.72 to 7.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @8.63 from a horizontal line in the daily time frame.
- Strong resistance @8.81 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.01 to 9.05. 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 BDJ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BDJ is up. |
| ChartMill Relative Strength | 52.82 | 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) | DOWN | MIXED | The current price of BDJ is above a declining 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 | NEGATIVE | The MACD value suggests BDJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.8 | NEUTRAL | The Stochastics value for BDJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for BDJ suggests low volalility. |
| Average Directional Index/ADX (14) | 10.92 | NEGATIVE | The low ADX value for BDJ suggests a weak or negative trend. |
NYSE:BDJ (6/3/2025, 11:36:19 AM)
8.625
+0.03 (+0.29%)