BLACKROCK TECH & PRIV EQTY (BTX) Stock Technical Analysis
NYSE:BTX - New York Stock Exchange, Inc. - US09260Q1085 - Currency: USD
We assign a technical rating of 5 out of 10 to BTX. In the last year, BTX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BTX has an average technical rating and also the quality of the setup is 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.
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6.52
When analyzing the support we notice one important area.
- A support zone ranging from 6.59 to 6.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.86 to 6.89. 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 BTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BTX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.43 | NEUTRAL | The RSI value for BTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BTX has a negative trend. |
| Stochastics (14,3) | 70.37 | NEUTRAL | The Stochastics value for BTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for BTX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for BTX suggests a possible start of a new trend. |
6.79
+0.06 (+0.89%)