BLACKROCK MUNI INC TR II (BLE) Stock Technical Analysis
NYSE:BLE - US09249N1019
9.83 USD
-0.02 (-0.2%)
10.02 USD
+0.19 (+1.93%)
We assign a technical rating of 1 out of 10 to BLE. BLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
81% of all other stocks performed better in the past year than BLE.
BLE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BLE has a been trading in a tight range between 9.71 and 10.01.
Although the technical rating is bad, BLE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLE 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.
More info and screens
9.50
10.95
When analyzing the support we notice one important area.
- A support zone ranging from 9.60 to 9.75. 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 9.88 to 10.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.72 to 10.84. 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 | DOWN | NEGATIVE | The long term trend for BLE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLE is neutral. |
| ChartMill Relative Strength | 19.67 | NEGATIVE | BLE has a low relative strength, it was outperformed by 80.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BLE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.41 | NEUTRAL | The RSI value for BLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BLE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24 | NEUTRAL | The Stochastics value for BLE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for BLE suggests low volalility. |
| Average Directional Index/ADX (14) | 16.35 | NEGATIVE | The low ADX value for BLE 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)
9.83
-0.02 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.2%
1 Week-0.3%
2 Weeks-1.01%
1 Month1.24%
3 Month-1.8%
6 Month-9.15%
12 Month-11.6%
2 Year-1.99%
3 Year-11.44%
5 Year-33.72%
10 Year-30.68%
15 Year-35.41%
Volatility
ATR(14)0.08
ATR(20)%0.82%
ATR Inc16.94%
Range Today0.05
ADR(20)0.08
ADR(20)%0.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.67
Mansfield-1.39
10 Day High10.01
10 Day Low9.76
20 Day High10.01
20 Day Low9.71
52 Week High11.41
52 Week Low9.56
CS1 End9.75
CR1 Start9.88
Volume & EV
DER(3)4.47%
DER(5)2.41%
Volume80.90K
Volume Incr-1.78%
Vol(5)89.04K
Vol(50)95.85K