BLACKROCK INCOME TRUST (BKT) Stock Technical Analysis
USA - NYSE:BKT - US09247F2092
Taking everything into account, BKT scores 1 out of 10 in our technical rating. BKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BKT 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 support zone below the current price at 11.16, a Stop Loss order could be placed below this zone.
More info and screens
11.01
We found 1 important support area.
- A support zone ranging from 11.12 to 11.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.20 to 11.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for BKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BKT is down. |
| ChartMill Relative Strength | 20.9 | NEGATIVE | BKT has a low relative strength, it was outperformed by 79.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BKT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BKT is below a declining 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) | 41.84 | 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. |
| Stochastics (14,3) | 20.83 | NEUTRAL | The Stochastics value for BKT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for BKT suggests low volalility. |
| Average Directional Index/ADX (14) | 25.19 | POSITIVE | The high ADX value value for BKT suggests a strong trend. |
11.19
+0.06 (+0.54%)
BLACKROCK INCOME TRUST / BKT FAQ
Can you provide the ChartMill technical rating for BLACKROCK INCOME TRUST?
ChartMill assigns a technical rating of 1 / 10 to BKT.
What is the current trend direction of BLACKROCK INCOME TRUST (BKT) stock?
The current trend direction for BLACKROCK INCOME TRUST (BKT) is Bearish.
What is the RSI signal for BLACKROCK INCOME TRUST (BKT) stock?
BLACKROCK INCOME TRUST (BKT) has an RSI value of 41.8429. This indicates that the stock is currently neutral.
What is the MACD signal for BKT stock?
The MACD indicator for BLACKROCK INCOME TRUST (BKT) has a value of 0.00810879, indicating a bearish trend.
What is the short term momentum for BKT stock?
The short term momentum for BLACKROCK INCOME TRUST (BKT) is negative.