BLACKROCK INCOME TRUST (BKT) Stock Technical Analysis
NYSE:BKT - New York Stock Exchange, Inc. - US09247F2092 - Currency: USD
We assign a technical rating of 4 out of 10 to BKT. Recently some decent action could be observed, but in the medium term time frame this is still negative. BKT was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, BKT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.68, a Stop Loss order could be placed below this zone.
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11.12
When analyzing the support we notice one important area.
- A support zone ranging from 11.23 to 11.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.71 to 11.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @11.99 from a horizontal line in the daily time frame.
- Resistance @12.30 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 | NEUTRAL | NEUTRAL | The long term trend for BKT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKT is up. |
| ChartMill Relative Strength | 24.1 | NEGATIVE | BKT has a low relative strength, it was outperformed by 75.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.92 | NEUTRAL | The RSI value for BKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BKT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.86 | NEUTRAL | The Stochastics value for BKT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for BKT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for BKT suggests a possible start of a new trend. |
NYSE:BKT (7/3/2025, 7:05:08 PM)
11.69
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