BLACKROCK CREDIT ALLOCATION (BTZ) Stock Technical Analysis
NYSE:BTZ - New York Stock Exchange, Inc. - US0925081004 - Currency: USD
Taking everything into account, BTZ scores 6 out of 10 in our technical rating. In the last year, BTZ was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BTZ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BTZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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9.75
2 important support areas can be observed.
- A support zone ranging from 10.47 to 10.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.95 to 11.29. 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 | NEUTRAL | NEUTRAL | The long term trend for BTZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTZ is up. |
| ChartMill Relative Strength | 44.89 | NEUTRAL | BTZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.18 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 76.74 | NEUTRAL | The Stochastics value for BTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for BTZ suggests low volalility. |
| Average Directional Index/ADX (14) | 16.91 | NEGATIVE | The low ADX value for BTZ suggests a weak or negative trend. |
NYSE:BTZ (6/6/2025, 8:04:01 PM)
10.72
-0.01 (-0.09%)