BLACKROCK CREDIT ALLOCATION (BTZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BTZ - US0925081004
Taking everything into account, BTZ scores 1 out of 10 in our technical rating. BTZ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
BTZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.83, a Stop Loss order could be placed below this zone.
More info and screens
9.75
We found 3 important support areas.
- A support zone ranging from 10.74 to 10.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong support @10.53 from a horizontal line in the daily time frame.
- A support zone ranging from 9.85 to 10.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.85 to 10.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.18 to 11.18. 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 | DOWN | NEGATIVE | The long term trend for BTZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTZ is down. |
| ChartMill Relative Strength | 44.98 | NEUTRAL | BTZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BTZ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.61 | NEUTRAL | The RSI value for BTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BTZ has a positive trend. |
| Stochastics (14,3) | 57.14 | NEUTRAL | The Stochastics value for BTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for BTZ suggests low volalility. |
| Average Directional Index/ADX (14) | 12.61 | NEGATIVE | The low ADX value for BTZ suggests a weak or negative trend. |
10.84
+0.04 (+0.37%)
BLACKROCK CREDIT ALLOCATION / BTZ FAQ
Can you provide the ChartMill technical rating for BLACKROCK CREDIT ALLOCATION?
ChartMill assigns a technical rating of 1 / 10 to BTZ.
Can you provide the trend direction for BLACKROCK CREDIT ALLOCATION?
The current trend direction for BLACKROCK CREDIT ALLOCATION (BTZ) is Bearish.
Can you provide the RSI signal for BLACKROCK CREDIT ALLOCATION?
BLACKROCK CREDIT ALLOCATION (BTZ) has an RSI value of 48.6129. This indicates that the stock is currently neutral.
What is the MACD signal for BTZ stock?
The MACD indicator for BLACKROCK CREDIT ALLOCATION (BTZ) has a value of 0.00702561, indicating a bearish trend.
Can you provide the support and resistance levels for BLACKROCK CREDIT ALLOCATION?
BLACKROCK CREDIT ALLOCATION (BTZ) has a support level at 10.83 and a resistance level at 10.85. Check the full technical report for our detailed analysis of BTZ support and resistance levels.