BLACKROCK MULTI-SECTOR INC (BIT) Stock Technical Analysis
NYSE:BIT - New York Stock Exchange, Inc. - US09258A1079 - Currency: USD
Overall BIT gets a technical rating of 3 out of 10. In the past year, BIT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, BIT is a bad performer in the overall market: 64% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BIT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BIT is lagging the market slightly.
In the last month BIT has a been trading in a tight range between 14.07 and 14.56.
BIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.32, a Stop Loss order could be placed below this zone.
More info and screens
13.94
15.25
When analyzing the support we notice one important area.
- A support zone ranging from 14.08 to 14.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.71 to 14.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.09 to 15.10. 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 BIT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIT is up. |
| ChartMill Relative Strength | 36.43 | NEUTRAL | BIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BIT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.46 | NEUTRAL | The RSI value for BIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BIT has a positive trend. |
| Stochastics (14,3) | 75.76 | NEUTRAL | The Stochastics value for BIT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for BIT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.19 | 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)
NYSE:BIT (6/6/2025, 8:04:00 PM)
14.34
+0.05 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.35%
1 Week0.77%
2 Weeks0.77%
1 Month1.06%
3 Month-2.12%
6 Month-3.11%
12 Month-2.18%
2 Year-0.21%
3 Year0.91%
5 Year-0.49%
10 Year-13.51%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.88%
ATR Inc-39.93%
Range Today0.06
ADR(20)0.12
ADR(20)%0.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.43
Mansfield-0.63
10 Day High14.39
10 Day Low14.07
20 Day High14.56
20 Day Low14.07
52 Week High15.21
52 Week Low12.5
CS1 End14.32
CR1 Start14.71
Volume & EV
DER(3)-4.24%
DER(5)0.56%
Volume74.30K
Volume Incr-16.19%
Vol(5)100.52K
Vol(50)151.55K