NYSEARCA:BIL - NYSE Arca - US78468R6633 - ETF - Currency: USD
Overall BIL gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BIL is a bad performer.
BIL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
90.38
We found 1 important support area.
When analyzing the resistance we notice one important area.
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 BIL is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIL is up. |
ChartMill Relative Strength | 32.37 | NEUTRAL | BIL is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIL is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIL is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIL is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 66.72 | NEUTRAL | The RSI value for BIL is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BIL has a positive trend. |
Stochastics (14,3) | 96.66 | OVERBOUGHT | The high Stochastics value suggests BIL may be overbought. |
Average True Range in percent/ATR (20) | 0.04 | LOW VOLATILITY | The low ATR as a percentage value for BIL suggests low volalility. |
Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for BIL suggests a weak or negative trend. |
91.71
+0.03 (+0.03%)