VANECK BDC INCOME ETF (BIZD) Stock Technical Analysis
NYSEARCA:BIZD - NYSE Arca - US92189F4110 - ETF - Currency: USD
Taking everything into account, BIZD scores 6 out of 10 in our technical rating. In the past year, BIZD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, BIZD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.20, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.33
2 important support areas can be observed.
- A support zone ranging from 15.75 to 16.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.47 to 14.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @16.56 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.68 to 17.82. 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 BIZD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIZD is up. |
| ChartMill Relative Strength | 46.07 | NEUTRAL | BIZD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIZD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIZD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIZD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.98 | NEUTRAL | The RSI value for BIZD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BIZD has a positive trend. |
| Stochastics (14,3) | 85.85 | OVERBOUGHT | The high Stochastics value suggests BIZD may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for BIZD suggests low volalility. |
| Average Directional Index/ADX (14) | 9.44 | NEGATIVE | The low ADX value for BIZD suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 16.57 | 15.78 | 0.79 (4.77%) | 20.97% |
| An entry @16.57. This is a Buy Stop order right above the resistance zone. | An exit @15.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.79 points, which is 4.77%. | When investing 20.97% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
16.52
+0.17 (+1.04%)