Blackrock New York Muni Income Trust (BSE) Technical Analysis
NYSE:BSE
Current stock price
BSE Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to BSE. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
BSE Weekly and Daily overview Charts
BSE Setup Rating and Analysis
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
BSE Support and Resistance Analysis
12.61
3 important support areas can be observed.
- 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.
BSE 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.
| 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. |
BSE Chart- and CandleStick Pattern Analysis
BSE Technicals: Chart, Performance Metrics, Trend & Indicators
Blackrock New York Muni Income Trust
NYSE:BSE (4/9/2021, 8:04:01 PM)
14.79
-0.06 (-0.4%)
Blackrock New York Muni Income Trust / BSE TA FAQ
What is the technical rating for BSE stock?
ChartMill assigns a technical rating of 7 / 10 to BSE.
Can you provide the trend direction for Blackrock New York Muni Income Trust?
The current trend direction for Blackrock New York Muni Income Trust (BSE) is Bullish.
What is the RSI signal for Blackrock New York Muni Income Trust (BSE) stock?
Blackrock New York Muni Income Trust (BSE) has an RSI value of 72.6729. This indicates that the stock is currently overbought.
What is the short term momentum for BSE stock?
The short term momentum for Blackrock New York Muni Income Trust (BSE) is positive.
What is the buy/sell signal for BSE stock?
The buy/sell signal for Blackrock New York Muni Income Trust (BSE) is buy as both the short term and long term trends are positive.