BLACKROCK MUNICIPAL INC TRST (BFK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BFK - US09248F1093
Overall BFK gets a technical rating of 0 out of 10. BFK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BFK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.85, a Stop Loss order could be placed below this zone.
More info and screens
9.28
We found 2 important support areas.
- Support @9.85 from a trend line in the daily time frame.
- A support zone ranging from 9.37 to 9.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.93 to 10.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.44 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.71 to 10.73. 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 BFK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BFK is down. |
| ChartMill Relative Strength | 38.87 | NEUTRAL | BFK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BFK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BFK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BFK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.32 | 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) | 27.09 | NEUTRAL | The Stochastics value for BFK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for BFK suggests low volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for BFK suggests a weak or negative trend. |
9.86
-0.06 (-0.6%)
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 0 / 10 to BFK.
What is the trend direction for BFK stock?
The current trend direction for BLACKROCK MUNICIPAL INC TRST (BFK) is Bearish.
What is the RSI signal for BFK stock?
BLACKROCK MUNICIPAL INC TRST (BFK) has an RSI value of 39.3203. This indicates that the stock is currently neutral.
What is the MACD signal for BFK stock?
The MACD indicator for BLACKROCK MUNICIPAL INC TRST (BFK) has a value of -0.00656752, indicating a bearish trend.