BLACKROCK MUNI INC TR II (BLE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BLE • US09249N1019
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.
- 70% of all other stocks performed better in the past year than BLE.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt 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 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
9.50
When analyzing the support we can see 2 important 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.
We can see 2 important resistance areas.
- Resistance @10.61 from a horizontal line in the weekly time frame.
- Resistance @10.83 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 | 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 | 30.81 | 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. |
10.54
-0.02 (-0.19%)
BLACKROCK MUNI INC TR II / BLE 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 BLACKROCK MUNI INC TR II (BLE) stock?
BLACKROCK MUNI INC TR II (BLE) has an RSI value of 54.956. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLACKROCK MUNI INC TR II?
The MACD indicator for BLACKROCK MUNI INC TR II (BLE) has a value of 0.00066371, indicating a bearish trend.
What is the short term momentum for BLACKROCK MUNI INC TR II (BLE) stock?
The short term momentum for BLACKROCK MUNI INC TR II (BLE) is neutral.