BLACKROCK TECH & PRIV EQTY (BTX) Technical Analysis
NYSE:BTX • US09260Q1085
Overall BTX gets a technical rating of 1 out of 10. BTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 73% of all other stocks performed better in the past year than BTX.
- In the last month BTX has a been trading in the 6.33 - 6.80 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- BTX 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 BTX is lagging the market slightly.
Although the technical rating is bad, BTX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.35, a Stop Loss order could be placed below this zone.
More info and screens
6.14
We found 2 important support areas.
- A support zone ranging from 6.31 to 6.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.20 to 6.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.59 to 6.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.91 to 6.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.15 to 7.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BTX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTX is down. |
| ChartMill Relative Strength | 27.05 | NEGATIVE | BTX has a low relative strength, it was outperformed by 72.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.43 | 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) | 41.31 | NEUTRAL | The Stochastics value for BTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for BTX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.77 | NEGATIVE | The low ADX value for BTX suggests a weak or negative trend. |
BTX Technicals: Chart, Performance Metrics, Trend & Indicators
6.42
-0.11 (-1.68%)
BLACKROCK TECH & PRIV EQTY / BTX FAQ
What is the ChartMill technical rating of BLACKROCK TECH & PRIV EQTY (BTX) stock?
ChartMill assigns a technical rating of 1 / 10 to BTX.
Can you provide the trend direction for BLACKROCK TECH & PRIV EQTY?
The current trend direction for BLACKROCK TECH & PRIV EQTY (BTX) is Bearish.
What is the RSI signal for BTX stock?
BLACKROCK TECH & PRIV EQTY (BTX) has an RSI value of 42.429. This indicates that the stock is currently neutral.
What is the MACD signal for BLACKROCK TECH & PRIV EQTY (BTX) stock?
The MACD indicator for BLACKROCK TECH & PRIV EQTY (BTX) has a value of -0.00870026, indicating a bearish trend.
What are the support and resistance levels for BLACKROCK TECH & PRIV EQTY (BTX) stock?
BLACKROCK TECH & PRIV EQTY (BTX) has a support level at 6.35 and a resistance level at 6.59. Check the full technical report for our detailed analysis of BTX support and resistance levels.