BLACKROCK MUNICIPAL INC TRST (BFK) Technical Analysis
NYSE:BFK • US09248F1093
Current stock price
BFK Technical Rating and Analysis
Taking everything into account, BFK scores 4 out of 10 in our technical rating. In the last year, BFK was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 65% of all other stocks performed better in the past year than BFK.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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 Weekly and Daily overview Charts
BFK Setup Rating and Analysis
Although the technical rating is only medium, BFK does present a nice setup opportunity. 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
BFK Support and Resistance Analysis
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.
We can see 2 important resistance areas.
- 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.
BFK Technical Indicator Signal Analysis
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 | 35.51 | 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. |
BFK Chart- and CandleStick Pattern Analysis
BFK Technicals: Chart, Performance Metrics, Trend & Indicators
10.09
-0.01 (-0.1%)
BLACKROCK MUNICIPAL INC TRST / BFK TA FAQ
What is the ChartMill technical rating of BLACKROCK MUNICIPAL INC TRST (BFK) stock?
ChartMill assigns a technical rating of 4 / 10 to BFK.
What is the current trend direction of BLACKROCK MUNICIPAL INC TRST (BFK) stock?
The current trend direction for BLACKROCK MUNICIPAL INC TRST (BFK) is Bullish.
What is the RSI signal for BLACKROCK MUNICIPAL INC TRST (BFK) stock?
BLACKROCK MUNICIPAL INC TRST (BFK) has an RSI value of 52.389. This indicates that the stock is currently neutral.
What is the short term momentum for BLACKROCK MUNICIPAL INC TRST (BFK) stock?
The short term momentum for BLACKROCK MUNICIPAL INC TRST (BFK) is neutral.