BLACKROCK MUNI INC TR II (BLE) Technical Analysis
NYSE:BLE • US09249N1019
Current stock price
BLE Technical Rating and Analysis
Overall BLE gets a technical rating of 5 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BLE is a bad performer.
- 68% of all other stocks performed better in the past year than BLE.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- BLE 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 BLE is lagging the market slightly.
- In the last month BLE has a been trading in a tight range between 10.40 and 10.61.
BLE Weekly and Daily overview Charts
BLE Setup Rating and Analysis
Although the technical rating is only medium, BLE 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 10.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.53, 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
BLE Support and Resistance Analysis
9.50
We found 2 important support areas.
- A support zone ranging from 10.31 to 10.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.60 to 9.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @10.61 from a horizontal line in the weekly time frame.
- Resistance @10.83 from a horizontal line in the weekly time frame.
BLE Technical Indicator Signal Analysis
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 BLE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLE is neutral. |
| ChartMill Relative Strength | 32.4 | NEUTRAL | BLE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.96 | NEUTRAL | The RSI value for BLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.59 | NEUTRAL | The Stochastics value for BLE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for BLE suggests low volalility. |
| Average Directional Index/ADX (14) | 13.47 | NEGATIVE | The low ADX value for BLE suggests a weak or negative trend. |
BLE Chart- and CandleStick Pattern Analysis
BLE Technicals: Chart, Performance Metrics, Trend & Indicators
10.54
-0.02 (-0.19%)
BLACKROCK MUNI INC TR II / BLE TA FAQ
What is the ChartMill technical rating of BLACKROCK MUNI INC TR II (BLE) stock?
ChartMill assigns a technical rating of 5 / 10 to BLE.
What is the trend direction for BLE stock?
The current trend direction for BLACKROCK MUNI INC TR II (BLE) is Bullish.
What is the RSI signal for BLE stock?
BLACKROCK MUNI INC TR II (BLE) has an RSI value of 54.956. This indicates that the stock is currently neutral.
What is the MACD signal for BLACKROCK MUNI INC TR II (BLE) stock?
The MACD indicator for BLACKROCK MUNI INC TR II (BLE) has a value of 0.00066371, indicating a bearish trend.
Can you provide the support and resistance levels for BLACKROCK MUNI INC TR II?
BLACKROCK MUNI INC TR II (BLE) has a support level at 10.53 and a resistance level at 10.61. Check the full technical report for our detailed analysis of BLE support and resistance levels.