Technical Analysis for BIT - BlackRock Multi-Sector Income Trust

Grade Last Price % Change Price Change
grade D 15.79 -0.50% -0.08
BIT closed down 0.5 percent on Friday, December 14, 2018, on 1.16 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical BIT trend table...

Date Alert Name Type % Chg
Dec 14 New 52 Week Closing Low Bearish 0.00%
Dec 14 Lower Bollinger Band Walk Weakness 0.00%
Dec 14 New 52 Week Low Weakness 0.00%
Dec 14 Stochastic Reached Oversold Weakness 0.00%
Dec 14 Below Lower BB Weakness 0.00%
Dec 14 Lower Bollinger Band Touch Weakness 0.00%
Dec 14 Oversold Stochastic Weakness 0.00%
Dec 13 Hammer Candlestick Bullish -0.50%
Dec 13 Lizard Bullish Bullish Day Trade Setup -0.50%
Dec 13 New 52 Week Low Weakness -0.50%

Older signals for BIT ...

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Profile
BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining. Its investment manager is BlackRock Advisors, LLC.
Is BIT a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 18.37
52 Week Low 15.68
Average Volume 137,449
200-Day Moving Average 16.9679
50-Day Moving Average 16.3574
20-Day Moving Average 16.1095
10-Day Moving Average 16.083
Average True Range 0.1694
ADX 32.76
+DI 10.3576
-DI 31.8657
Chandelier Exit (Long, 3 ATRs ) 16.1518
Chandelier Exit (Short, 3 ATRs ) 16.1882
Upper Bollinger Band 16.4168
Lower Bollinger Band 15.8022
Percent B (%b) -0.02
BandWidth 3.81514
MACD Line -0.138
MACD Signal Line -0.1154
MACD Histogram -0.0226
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.03
Resistance 3 (R3) 16.02 15.93 15.99
Resistance 2 (R2) 15.93 15.87 15.94 15.98
Resistance 1 (R1) 15.86 15.83 15.90 15.87 15.96
Pivot Point 15.77 15.77 15.79 15.78 15.77
Support 1 (S1) 15.70 15.71 15.74 15.71 15.62
Support 2 (S2) 15.61 15.67 15.62 15.60
Support 3 (S3) 15.54 15.61 15.59
Support 4 (S4) 15.55