BLACKROCK 2037 MUNI TRGT TRM (BMN) Stock Technical Analysis
NYSE:BMN - New York Stock Exchange, Inc. - US09262G1085 - Currency: USD
Taking everything into account, BMN scores 4 out of 10 in our technical rating. BMN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, BMN 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 25.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.47, 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
23.34
When analyzing the support we notice one important area.
- A support zone ranging from 23.58 to 24.47. 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 25.31 to 25.87. 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 | NEUTRAL | NEUTRAL | The long term trend for BMN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMN is up. |
| ChartMill Relative Strength | 40.23 | NEUTRAL | BMN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BMN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.08 | NEUTRAL | The RSI value for BMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BMN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.71 | NEUTRAL | The Stochastics value for BMN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for BMN suggests low volalility. |
| Average Directional Index/ADX (14) | 43.31 | POSITIVE | The high ADX value value for BMN suggests a strong trend. |
NYSE:BMN (6/10/2025, 8:04:01 PM)
24.7542
-0.05 (-0.18%)