Blackrock New York Muni Income Trust (BSE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BSE -
We assign a technical rating of 7 out of 10 to BSE. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BSE is a bad performer.
Although BSE has an excellent technical rating, it does not offer a high quality setup 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.
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12.61
When analyzing the support we can see 3 important 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. |
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 FAQ
What is the technical rating for BSE stock?
ChartMill assigns a technical rating of 7 / 10 to BSE.
What is the trend direction for BSE stock?
The current trend direction for Blackrock New York Muni Income Trust (BSE) is Bullish.
What is the RSI signal for BSE stock?
Blackrock New York Muni Income Trust (BSE) has an RSI value of 72.6729. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for Blackrock New York Muni Income Trust?
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.
Can you provide the support and resistance levels for Blackrock New York Muni Income Trust?
Blackrock New York Muni Income Trust (BSE) has a support level at 14.57. Check the full technical report for our detailed analysis of BSE support and resistance levels.