Blackrock New York Muni Income Trust (BSE) Stock Technical Analysis
USA - NYSE:BSE -
14.79
-0.06 (-0.4%)
Taking everything into account, BSE scores 7 out of 10 in our technical rating. Although BSE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, BSE is a bad performer in the overall market: 69% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by BSE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month BSE has a been trading in a tight range between 14.22 and 14.92.
Volume is considerably higher in the last couple of days.
Although BSE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.61
14.94
We found 3 important support areas.
- A support zone ranging from 14.21 to 14.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.48 to 13.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 12.74 to 12.81. 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 | UP | POSITIVE | The long term trend for BSE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSE is up. |
| ChartMill Relative Strength | 31.96 | NEUTRAL | BSE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.67 | OVERBOUGHT | The high RSI value suggests BSE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BSE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.6 | OVERBOUGHT | The high Stochastics value suggests BSE may be overbought. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for BSE suggests low volalility. |
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 New York Muni Income Trust
NYSE:BSE (4/9/2021, 8:04:01 PM)
14.79
-0.06 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week1.72%
2 Weeks2.71%
1 Month3.07%
3 Month8.9%
6 Month12.92%
12 Month18.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.69%
ATR Inc170.39%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.96
Mansfield-0.81
10 Day High14.92
10 Day Low14.25
20 Day High14.92
20 Day Low14.22
52 Week High14.92
52 Week Low11.95
CS1 End14.57
CR1 StartN/A
Volume & EV
DER(3)-4.53%
DER(5)-4.53%
Volume108.10K
Volume Incr117.32%
Vol(5)82.06K
Vol(50)36.96K