BLACKROCK TECH & PRIV EQTY (BTX) Stock Technical Analysis
USA - NYSE:BTX - US09260Q1085
We assign a technical rating of 2 out of 10 to BTX. In the last year, BTX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
BTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.64, a Stop Loss order could be placed below this zone.
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6.44
When analyzing the support we notice one important area.
- A support zone ranging from 6.50 to 6.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.74 to 6.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.44 to 7.51. 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 | DOWN | NEGATIVE | The short term trend for BTX is down. |
| 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 | 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). |
| Relative Strength Index/RSI (14) | 47.04 | NEUTRAL | The RSI value for BTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BTX has a positive trend. |
| Stochastics (14,3) | 27.37 | NEUTRAL | The Stochastics value for BTX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for BTX suggests low volalility. |
| Average Directional Index/ADX (14) | 35.22 | POSITIVE | The high ADX value value for BTX suggests a strong trend. |
6.71
+0.07 (+1.05%)
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 2 / 10 to BTX.
What is the current trend direction of BLACKROCK TECH & PRIV EQTY (BTX) stock?
The current trend direction for BLACKROCK TECH & PRIV EQTY (BTX) is Bullish.
What is the RSI signal for BTX stock?
BLACKROCK TECH & PRIV EQTY (BTX) has an RSI value of 47.0383. This indicates that the stock is currently neutral.
What is the short term momentum for BLACKROCK TECH & PRIV EQTY (BTX) stock?
The short term momentum for BLACKROCK TECH & PRIV EQTY (BTX) is negative.
What is the support and resistance level for BTX stock?
BLACKROCK TECH & PRIV EQTY (BTX) has a support level at 6.64 and a resistance level at 6.74. Check the full technical report for our detailed analysis of BTX support and resistance levels.