Technical Analysis for BIT - BlackRock Multi-Sector Income Trust

Grade Last Price % Change Price Change
A 15.95 0.44% 0.07
BIT closed up 0.19 percent on Wednesday, March 27, 2024, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.44%
Narrow Range Bar Range Contraction 0.44%
New 52 Week High Strength 0.44%
Gapped Up Strength 0.44%
Overbought Stochastic Strength 0.44%
Up 3 Days in a Row Strength 0.44%
Up 4 Days in a Row Strength 0.44%
Up 5 Days in a Row Strength 0.44%
New 52 Week Closing High Bullish 0.63%
New 52 Week High Strength 0.63%

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Profile

BlackRock Multi-Sector Income Trust Description

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.


Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Exchange Traded Fund ETF Biotechnology Real Estate Investment Trust Mining Chemical Aerospace Electricity Blackrock Retailing Food Products Income Trust Investment Trust Electric Utilities Communications Equipment Telecommunication Services Electronic Equipment Household Products Durable Good Conglomerate Internet Software Renewable Electricity Producers Industrial Conglomerate Thomson Reuters Business Classification Healthcare Equipment

Is BIT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 15.9
52 Week Low 12.8441
Average Volume 85,524
200-Day Moving Average 14.29
50-Day Moving Average 15.31
20-Day Moving Average 15.61
10-Day Moving Average 15.72
Average True Range 0.10
RSI (14) 76.69
ADX 42.24
+DI 35.62
-DI 9.33
Chandelier Exit (Long, 3 ATRs) 15.60
Chandelier Exit (Short, 3 ATRs) 15.31
Upper Bollinger Bands 15.91
Lower Bollinger Band 15.31
Percent B (%b) 0.95
BandWidth 3.86
MACD Line 0.16
MACD Signal Line 0.15
MACD Histogram 0.0136
Fundamentals Value
Market Cap 600.1 Million
Num Shares 37.8 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio 0.00
Price-to-Sales 25.27
Price-to-Book 1.13
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.96
Resistance 3 (R3) 15.95 15.93 15.94
Resistance 2 (R2) 15.93 15.91 15.93 15.94
Resistance 1 (R1) 15.90 15.90 15.89 15.91 15.93
Pivot Point 15.88 15.88 15.87 15.88 15.88
Support 1 (S1) 15.85 15.86 15.84 15.86 15.83
Support 2 (S2) 15.83 15.85 15.83 15.82
Support 3 (S3) 15.80 15.83 15.82
Support 4 (S4) 15.81