BLACKROCK CORE BOND TRUST (BHK) Stock Technical Analysis
NYSE:BHK - New York Stock Exchange, Inc. - US09249E1010 - Currency: USD
We assign a technical rating of 0 out of 10 to BHK. BHK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
85% of all other stocks performed better in the past year than BHK.
BHK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
BHK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
In the last month BHK has a been trading in a tight range between 9.49 and 9.90.
BHK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.59, a Stop Loss order could be placed below this zone.
More info and screens
9.40
11.39
When analyzing the support we notice one important area.
- A support zone ranging from 9.49 to 9.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 9.90 to 10.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.48 to 10.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 10.76 to 10.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.01 from a horizontal line in the daily time frame.
- Resistance @11.28 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for BHK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHK is down. |
| ChartMill Relative Strength | 15.9 | NEGATIVE | BHK has a low relative strength, it was outperformed by 84.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BHK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.07 | NEUTRAL | The RSI value for BHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BHK has a positive trend. |
| Stochastics (14,3) | 58.69 | NEUTRAL | The Stochastics value for BHK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for BHK suggests low volalility. |
| Average Directional Index/ADX (14) | 24.57 | NEUTRAL | The ADX value for BHK suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.74
-0.01 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week0.21%
2 Weeks0.83%
1 Month-1.12%
3 Month-7.41%
6 Month-6.7%
12 Month-8.29%
2 Year-9.9%
3 Year-20.68%
5 Year-39.62%
10 Year-23.61%
15 Year-26.88%
Volatility
ATR(14)0.1
ATR(20)%1.06%
ATR Inc-37.51%
Range Today0.07
ADR(20)0.1
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.9
Mansfield-1.65
10 Day High9.78
10 Day Low9.55
20 Day High9.9
20 Day Low9.49
52 Week High12.1
52 Week Low9.49
CS1 End9.59
CR1 Start9.95
Volume & EV
DER(3)-2.06%
DER(5)-3.11%
Volume307.60K
Volume Incr117.61%
Vol(5)534.34K
Vol(50)257.76K