BLACKROCK MUNICIPAL INC TRST (BFK) Stock Technical Analysis
NYSE:BFK • US09248F1093
Taking everything into account, BFK scores 4 out of 10 in our technical rating. BFK has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, BFK is a bad performer in the overall market: 66% of all stocks are doing better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- BFK 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 BFK is lagging the market slightly.
- In the last month BFK has a been trading in a tight range between 9.99 and 10.27.
BFK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.04, a Stop Loss order could be placed below this zone.
More info and screens
9.28
We found 2 important support areas.
- A support zone ranging from 9.88 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.37 to 9.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.10 to 10.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.45 from a horizontal line in the weekly time frame.
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 BFK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BFK is neutral. |
| ChartMill Relative Strength | 34.46 | NEUTRAL | BFK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BFK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BFK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BFK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.39 | NEUTRAL | The RSI value for BFK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BFK has a negative trend. |
| Stochastics (14,3) | 44.63 | NEUTRAL | The Stochastics value for BFK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for BFK suggests low volalility. |
| Average Directional Index/ADX (14) | 28.28 | POSITIVE | The high ADX value value for BFK suggests a strong trend. |
10.09
-0.01 (-0.1%)
BLACKROCK MUNICIPAL INC TRST / BFK FAQ
What is the ChartMill technical rating of BLACKROCK MUNICIPAL INC TRST (BFK) stock?
ChartMill assigns a technical rating of 4 / 10 to BFK.
Can you provide the trend direction for BLACKROCK MUNICIPAL INC TRST?
The current trend direction for BLACKROCK MUNICIPAL INC TRST (BFK) is Bullish.
What is the RSI signal for BFK stock?
BLACKROCK MUNICIPAL INC TRST (BFK) has an RSI value of 52.389. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BLACKROCK MUNICIPAL INC TRST?
BLACKROCK MUNICIPAL INC TRST (BFK) has a support level at 10.04 and a resistance level at 10.1. Check the full technical report for our detailed analysis of BFK support and resistance levels.