BLACKROCK MULTI-SECTOR INC (BIT) Stock Technical Analysis
USA - NYSE:BIT - US09258A1079
We assign a technical rating of 0 out of 10 to BIT. BIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of BIT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.81
When analyzing the support we notice one important area.
- A support zone ranging from 12.94 to 12.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.05 to 13.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.43 to 14.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.10 from a horizontal line in the weekly 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 BIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIT is down. |
| ChartMill Relative Strength | 28.98 | NEGATIVE | BIT has a low relative strength, it was outperformed by 71.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIT is below 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) | 28.96 | OVERSOLD | The low RSI value suggests BIT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BIT has a negative trend. |
| Stochastics (14,3) | 11.89 | OVERSOLD | The low Stochastics value suggests BIT may be oversold. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for BIT suggests low volalility. |
| Average Directional Index/ADX (14) | 25.9 | POSITIVE | The high ADX value value for BIT suggests a strong trend. |
12.95
-0.07 (-0.54%)
BLACKROCK MULTI-SECTOR INC / BIT FAQ
What is the technical rating for BIT stock?
ChartMill assigns a technical rating of 0 / 10 to BIT.
Can you provide the trend direction for BLACKROCK MULTI-SECTOR INC?
The current trend direction for BLACKROCK MULTI-SECTOR INC (BIT) is Bearish.
What is the RSI signal for BIT stock?
BLACKROCK MULTI-SECTOR INC (BIT) has an RSI value of 28.9619. This indicates that the stock is currently oversold.
What is the MACD signal for BIT stock?
The MACD indicator for BLACKROCK MULTI-SECTOR INC (BIT) has a value of -0.0158791, indicating a bearish trend.
Can you provide the short term momentum for BLACKROCK MULTI-SECTOR INC?
The short term momentum for BLACKROCK MULTI-SECTOR INC (BIT) is negative.