INVESCO SENIOR LOAN ETF (BKLN) Stock Technical Analysis
NYSEARCA:BKLN - NYSE Arca - US46138G5080 - ETF - Currency: USD
Taking everything into account, BKLN scores 5 out of 10 in our technical rating. BKLN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, BKLN is a bad performer in the overall market: 68% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
BKLN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BKLN is lagging the market slightly.
BKLN has an average volume of 9204350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BKLN has a been trading in a tight range between 20.79 and 21.01.
BKLN has an average technical rating and also the quality of the setup is only medium 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
19.92
21.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.78 to 21.00. 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.
We found 1 important resistance area.
- A resistance zone ranging from 21.16 to 21.27. 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 | UP | POSITIVE | The long term trend for BKLN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKLN is up. |
| ChartMill Relative Strength | 32.55 | 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) | 66.11 | 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. |
| Stochastics (14,3) | 95.15 | OVERBOUGHT | The high Stochastics value suggests BKLN may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for BKLN suggests low volalility. |
| Average Directional Index/ADX (14) | 13.44 | NEGATIVE | The low ADX value for BKLN 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)
21.01
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week0.14%
2 Weeks0.67%
1 Month0.48%
3 Month2.64%
6 Month-0.43%
12 Month-0.66%
2 Year0.05%
3 Year0.19%
5 Year-2.91%
10 Year-11.31%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.18%
ATR Inc-18.79%
Range Today0.03
ADR(20)0.03
ADR(20)%0.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.55
Mansfield-0.73
10 Day High21.01
10 Day Low20.88
20 Day High21.01
20 Day Low20.79
52 Week High21.19
52 Week Low20.02
CS1 End21
CR1 Start21.16
Volume & EV
DER(3)0.86%
DER(5)-0.85%
Volume6.09M
Volume Incr5.85%
Vol(5)7.23M
Vol(50)9.20M