BLACKROCK MULTI-SECTOR INC (BIT) Stock Technical Analysis
NYSE:BIT - New York Stock Exchange, Inc. - US09258A1079 - Currency: USD
Taking everything into account, BIT scores 6 out of 10 in our technical rating. In the last year, BIT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
BIT 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 BIT is lagging the market slightly.
When compared to the yearly performance of all other stocks, BIT outperforms 42% of them, which is more or less in line with the market.
In the last month BIT has a been trading in a tight range between 14.42 and 14.75.
Although the technical rating is only medium, BIT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.60, a Stop Loss order could be placed below this zone.
More info and screens
13.93
15.25
2 important support areas can be observed.
- A support zone ranging from 14.44 to 14.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.07 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.60 to 15.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for BIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIT is up. |
| ChartMill Relative Strength | 42.09 | NEUTRAL | BIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BIT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.88 | NEUTRAL | The RSI value for BIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for BIT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for BIT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.82 | NEGATIVE | The low ADX value for BIT suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.72 | 14.43 | 0.29 (1.94%) | 25.00% |
| An entry @14.71. This is a Buy Stop order right above the 10 day high. | An exit @14.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.29 points, which is 1.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.6
+0.04 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.27%
1 Week0%
2 Weeks-0.54%
1 Month0.69%
3 Month4.66%
6 Month-0.54%
12 Month-0.68%
2 Year-2.34%
3 Year-5.38%
5 Year-3.76%
10 Year-11.41%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.71%
ATR Inc-54.35%
Range Today0.05
ADR(20)0.1
ADR(20)%0.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.09
Mansfield-0.88
10 Day High14.71
10 Day Low14.42
20 Day High14.75
20 Day Low14.42
52 Week High15.21
52 Week Low12.5
CS1 End14.6
CR1 Start14.6
Volume & EV
DER(3)-7.38%
DER(5)-9.07%
Volume93.10K
Volume Incr-25.14%
Vol(5)159.90K
Vol(50)163.00K