Blackrock Future Tech ETF (BTEK) Stock Technical Analysis
NYSEARCA:BTEK - US09290C3016 - ETF
23.18 USD
+0 (+0.01%)
Overall BTEK gets a technical rating of 0 out of 10. BTEK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
65% of all other stocks performed better in the past year than BTEK.
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 currently trading near new highs, so BTEK is lagging the market.
BTEK has a poor technical rating and the quality of the setup is also not perfect 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
18.32
26.08
We found 5 important support 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.
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. |
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)
NYSEARCA:BTEK (8/12/2024, 8:10:46 PM)
23.18
+0 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.01%
1 Week0.74%
2 Weeks-8.38%
1 Month-17.47%
3 Month-9.77%
6 Month-7.72%
12 Month13.57%
2 Year14.47%
3 Year-37.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%2.91%
ATR Inc-91.28%
Range Today0
ADR(20)0.39
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.32
Mansfield-1.02
10 Day High25.81
10 Day Low22.15
20 Day High28.37
20 Day Low22.15
52 Week High28.67
52 Week Low18.92
CS1 End23.17
CR1 Start24.42
Volume & EV
DER(3)-18.41%
DER(5)-7.17%
Volume100
Volume Incr378.53%
Vol(5)13.04K
Vol(50)6.32K