Blackrock Future Tech ETF (BTEK) Technical Analysis
NYSEARCA:BTEK • US09290C3016
Current stock price
BTEK Technical Rating and Analysis
Taking everything into account, BTEK scores 0 out of 10 in our technical rating. BTEK 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 negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BTEK is a bad performer in the overall market: 65% of all stocks are doing better.
- BTEK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: BTEK has an average volume of 6318 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- BTEK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BTEK is lagging the market slightly.
BTEK Weekly and Daily overview Charts
BTEK Setup Rating and Analysis
BTEK has a poor technical rating and the quality of the setup is also only medium 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
BTEK Support and Resistance Analysis
18.32
When analyzing the support we can see 5 important areas.
- A support zone ranging from 23.00 to 23.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.54 from a horizontal line in the daily time frame.
- Support @20.76 from a trend line in the weekly time frame.
- Support @19.66 from a trend line in the weekly time frame.
- Support @18.51 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @24.42 from a trend line in the daily time frame.
- A resistance zone ranging from 25.05 to 25.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BTEK 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 | DOWN | NEGATIVE | The long term trend for BTEK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTEK is down. |
| ChartMill Relative Strength | 35.32 | NEUTRAL | BTEK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTEK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTEK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BTEK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.98 | NEUTRAL | The RSI value for BTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BTEK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.17 | NEUTRAL | The Stochastics value for BTEK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BTEK suggests some volalility. |
| Average Directional Index/ADX (14) | 35.82 | POSITIVE | The high ADX value value for BTEK suggests a strong trend. |
BTEK Chart- and CandleStick Pattern Analysis
BTEK Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:BTEK (8/12/2024, 8:10:46 PM)
23.18
+0 (+0.01%)
Blackrock Future Tech ETF / BTEK TA FAQ
Can you provide the ChartMill technical rating for Blackrock Future Tech ETF?
ChartMill assigns a technical rating of 0 / 10 to BTEK.
What is the current trend direction of Blackrock Future Tech ETF (BTEK) stock?
The current trend direction for Blackrock Future Tech ETF (BTEK) is Bearish.
What is the RSI signal for Blackrock Future Tech ETF (BTEK) stock?
Blackrock Future Tech ETF (BTEK) has an RSI value of 31.9819. This indicates that the stock is currently neutral.
What is the short term momentum for BTEK stock?
The short term momentum for Blackrock Future Tech ETF (BTEK) is negative.
Can you provide the buy/sell signal for Blackrock Future Tech ETF?
The buy/sell signal for Blackrock Future Tech ETF (BTEK) is sell as both the short term and long term trends are negative.