INVESCO SENIOR LOAN ETF (BKLN) Technical Analysis
NYSEARCA:BKLN • US46138G5080
Current stock price
BKLN Technical Rating and Analysis
Taking everything into account, BKLN scores 2 out of 10 in our technical rating. In the past year, BKLN 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.
- 70% of all other stocks performed better in the past year than BKLN.
- BKLN has an average volume of 22166800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- BKLN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BKLN is lagging the market.
- In the last month BKLN has a been trading in a tight range between 20.45 and 20.68.
- Considerably lower volume is observed in the last couple of days.
BKLN Weekly and Daily overview Charts
BKLN Setup Rating and Analysis
BKLN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.57, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
BKLN Support and Resistance Analysis
19.92
When analyzing the support we notice one important area.
- A support zone ranging from 20.12 to 20.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 20.60 to 21.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
BKLN Technical Indicator Signal Analysis
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 BKLN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKLN is up. |
| ChartMill Relative Strength | 30.62 | NEUTRAL | BKLN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKLN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BKLN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BKLN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.9 | NEUTRAL | The RSI value for BKLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BKLN has a positive trend. |
| Stochastics (14,3) | 53.82 | NEUTRAL | The Stochastics value for BKLN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for BKLN suggests low volalility. |
| Average Directional Index/ADX (14) | 10.77 | NEGATIVE | The low ADX value for BKLN suggests a weak or negative trend. |
BKLN Chart- and CandleStick Pattern Analysis
BKLN Technicals: Chart, Performance Metrics, Trend & Indicators
20.58
0 (0%)
INVESCO SENIOR LOAN ETF / BKLN TA FAQ
What is the ChartMill technical rating of INVESCO SENIOR LOAN ETF (BKLN) stock?
ChartMill assigns a technical rating of 2 / 10 to BKLN.
What is the current trend direction of INVESCO SENIOR LOAN ETF (BKLN) stock?
The current trend direction for INVESCO SENIOR LOAN ETF (BKLN) is Bearish.
What is the RSI signal for INVESCO SENIOR LOAN ETF (BKLN) stock?
INVESCO SENIOR LOAN ETF (BKLN) has an RSI value of 54.9025. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO SENIOR LOAN ETF?
The short term momentum for INVESCO SENIOR LOAN ETF (BKLN) is positive.
What is the support and resistance level for BKLN stock?
INVESCO SENIOR LOAN ETF (BKLN) has a support level at 20.57 and a resistance level at 20.6. Check the full technical report for our detailed analysis of BKLN support and resistance levels.