BLACKROCK CREDIT ALLOCATION (BTZ) Stock Technical Analysis
USA - NYSE:BTZ - US0925081004
Overall BTZ gets a technical rating of 2 out of 10. 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.
The technical rating of BTZ is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.75
We found 2 important support areas.
- 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 found 1 important resistance area.
- A resistance zone ranging from 10.81 to 11.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for BTZ is neutral. |
| ChartMill Relative Strength | 41.05 | NEUTRAL | BTZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTZ is below 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 | MIXED | The current price of BTZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.69 | OVERSOLD | The low RSI value suggests BTZ may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTZ has a negative trend. |
| Stochastics (14,3) | 24.24 | NEUTRAL | The Stochastics value for BTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for BTZ suggests low volalility. |
| Average Directional Index/ADX (14) | 14.69 | NEGATIVE | The low ADX value for BTZ suggests a weak or negative trend. |
10.8
-0.2 (-1.82%)
BLACKROCK CREDIT ALLOCATION / BTZ FAQ
Can you provide the ChartMill technical rating for BLACKROCK CREDIT ALLOCATION?
ChartMill assigns a technical rating of 2 / 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 29.6875. This indicates that the stock is currently oversold.
What is the MACD signal for BTZ stock?
The MACD indicator for BLACKROCK CREDIT ALLOCATION (BTZ) has a value of -0.0254789, 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 10.53 and a resistance level at 10.81. Check the full technical report for our detailed analysis of BTZ support and resistance levels.