SIREN NEXGEN ECONOMY ETF (BLCN) Stock Technical Analysis
NASDAQ:BLCN - Nasdaq - US8296582021 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to BLCN. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLCN was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, BLCN does present a nice setup opportunity. 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 22.25. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BLCN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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21.25
We found 1 important support area.
- A support zone ranging from 21.46 to 21.65. 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 22.25 to 22.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 BLCN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLCN is neutral. |
| ChartMill Relative Strength | 36 | NEUTRAL | BLCN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLCN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.52 | NEUTRAL | The RSI value for BLCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BLCN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.93 | NEUTRAL | The Stochastics value for BLCN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.31 | HIGH VOLATILITY | The high ATR as a percentage value for BLCN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.72 | NEGATIVE | The low ADX value for BLCN suggests a weak or negative trend. |
NASDAQ:BLCN (6/24/2025, 4:09:09 PM)
22.12
+0.66 (+3.08%)