INVESCO SENIOR LOAN ETF (BKLN) Stock Technical Analysis
USA - NYSEARCA:BKLN - US46138G5080 - ETF
We assign a technical rating of 4 out of 10 to BKLN. 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.
BKLN has only a medium 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 20.91, 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
19.92
We found 2 important support areas.
- A support zone ranging from 20.78 to 20.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.12 to 20.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.01 to 21.19. 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 BKLN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKLN is up. |
| ChartMill Relative Strength | 38.99 | 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) | UP | POSITIVE | The current price of BKLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BKLN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.45 | NEUTRAL | The RSI value for BKLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BKLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.44 | OVERBOUGHT | The high Stochastics value suggests BKLN may be overbought. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for BKLN suggests low volalility. |
| Average Directional Index/ADX (14) | 19.67 | NEGATIVE | The low ADX value for BKLN suggests a weak or negative trend. |
20.91
0 (0%)
INVESCO SENIOR LOAN ETF / BKLN FAQ
What is the ChartMill technical rating of INVESCO SENIOR LOAN ETF (BKLN) stock?
ChartMill assigns a technical rating of 4 / 10 to BKLN.
Can you provide the trend direction for INVESCO SENIOR LOAN ETF?
The current trend direction for INVESCO SENIOR LOAN ETF (BKLN) is Bearish.
What is the RSI signal for BKLN stock?
INVESCO SENIOR LOAN ETF (BKLN) has an RSI value of 55.4504. This indicates that the stock is currently neutral.
What is the short term momentum for INVESCO SENIOR LOAN ETF (BKLN) stock?
The short term momentum for INVESCO SENIOR LOAN ETF (BKLN) is positive.