Logo image of BLE

BLACKROCK MUNI INC TR II (BLE) Stock Technical Analysis

NYSE:BLE - New York Stock Exchange, Inc. - US09249N1019 - Currency: USD

9.95  -0.01 (-0.1%)

Technical Rating and Analysis

0

Overall BLE gets a technical rating of 0 out of 10. 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.
When comparing the yearly performance of all stocks, BLE is a bad performer in the overall market: 78% of all stocks are doing better.
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 9.82 and 10.11.
Weekly and Daily overview Charts
BLACKROCK MUNI INC TR II / BLE Weekly stock chart
BLACKROCK MUNI INC TR II / BLE Daily stock chart
Setup Rating and Analysis

7

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 9.94, 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.
Support and Resistance Analysis

9.50

11.48

When analyzing the support we notice one important area.

  • A support zone ranging from 9.60 to 9.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 9.97 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 10.63 to 10.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A resistance zone ranging from 11.36 to 11.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for BLE is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for BLE is neutral.
ChartMill Relative Strength22.39NEGATIVEBLE has a low relative strength, it was outperformed by 77.61% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of BLE is above a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of BLE is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of BLE is below a declining SMA(200).
Relative Strength Index/RSI (14)49.42NEUTRALThe RSI value for BLE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests BLE has a positive trend, although the MACD value is declining.
Stochastics (14,3)48.28NEUTRALThe Stochastics value for BLE is a neutral value.
Average True Range in percent/ATR (20)0.81LOW VOLATILITYThe low ATR as a percentage value for BLE suggests low volalility.
Average Directional Index/ADX (14)14.59NEGATIVEThe low ADX value for BLE suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
BLACKROCK MUNI INC TR II / BLE Daily stock chart

BLACKROCK MUNI INC TR II

NYSE:BLE (7/14/2025, 8:25:50 PM)

9.95

-0.01 (-0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week-0.1%
2 Weeks0.71%
1 Month-0.2%
3 Month1.12%
6 Month-5.95%
12 Month-7.1%
2 Year-4.78%
3 Year-15.46%
5 Year-36.22%
10 Year-30.03%
15 Year-30.13%
Volatility
ATR(14)0.08
ATR(20)%0.81%
ATR Inc34.74%
Range Today0.15
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
CRS22.39
Mansfield-1.31
10 Day High10.11
10 Day Low9.86
20 Day High10.11
20 Day Low9.82
52 Week High11.41
52 Week Low9.56
CS1 End9.94
CR1 Start9.97
Volume & EV
DER(3)2.45%
DER(5)3.01%
Volume189.00K
Volume Incr-15.94%
Vol(5)89.62K
Vol(50)104.27K