Technical analysis from BlackRock Municipal Income Trust II (BLE, AMEX:BLE) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

BlackRock Municipal Income Trust II
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The volume weighted RSI for BLE remains overbought during last trading session
Money Flow Index /
The volume weighted RSI for BLE remains overbought during last trading session

[BULLISH]: BlackRock Municipal Income Trust current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 84.24. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 43.63.

The TMA trend following signal is still current for BlackRock Municipal Income Trust [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for BlackRock Municipal Income Trust [Bullish]

[BULLISH]: BlackRock Municipal Income Trust currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.1%.

Weighted Moving Average /
[Uptrend]: Recent trading for BLE indicates ST trend is likely to continue

BLE: WMA Current Signal -> (1) 25 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BULLISH

Moving Average Envelope /
BlackRock Municipal Income Trust is still oversold with the Lower Envelope Band @$13.053

[BULLISH]: BlackRock Municipal Income Trust current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 13.053.

Bollinger Bands /
BlackRock Municipal Income Trust: Closing price $14.32 is above the Upper Bollinger Band ($14.08)

[BEARISH]: BlackRock Municipal Income Trust is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 138.59% with a current width of 4.44.

Stochastic Oscillator /
Stochastic Oscillator for BLE is still above the Overbought limit signalling a bearish movement

[BEARISH]: BlackRock Municipal Income Trust is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

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Average True Range /
BlackRock Municipal Income Trust has signalled an ATR trend present [Uptrend]

[Bullish]: Average True Range has confirmed an uptrend is present. BlackRock Municipal Income Trust has a TR of 0.32, and an ATR(14) of 0.136.

Percentage Price /
PPO continues to signal a continuation of upward price rise for BlackRock Municipal Income Trust

[BULLISH]: BlackRock Municipal Income Trust currently has positive PPO 0.913%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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BlackRock Municipal Income Trust: Bear Harami
Bear Harami /
BlackRock Municipal Income Trust: Bear Harami

BLE: Reversal (Weak) Candlestick Current Signal -> (1) 25 May: BEARISH (2) 24 May: NEUTRAL (3) 23 May: BEARISH

Limit order for a long position has been identified for BlackRock Municipal Income Trust [Bullish]
Demarks Pivot Points /
Limit order for a long position has been identified for BlackRock Municipal Income Trust [Bullish]

BlackRock Municipal Income Trust has broken the first DeMark resistance point ($14.2550) [Bullish]. Look for a long limit order entry near this point. Exit price for BLE should be set @$14.49 & Stoploss for BlackRock Municipal Income Trust should be set at $14.17

Accumulation / Distribution /
BlackRock Municipal Income Trust: Current trading activity signals distribution is present

[BEARISH]: BlackRock Municipal Income Trust current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -108598.

Price Range /
BlackRock Municipal Income Trust: Daily price range is $0.32 [Uptrend]

BLE: Price Range Current Signal -> (1) 25 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BULLISH

Commodity Channel Index /
Continuation of the overbought CCI signal for BlackRock Municipal Income Trust

[BEARISH]: BlackRock Municipal Income Trust current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 344. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 344.

The Volume MACD for BLE is gaining momentum through a rise on the short term EMA
MACD Volume /
The Volume MACD for BLE is gaining momentum through a rise on the short term EMA

[BULLISH CROSSOVER]: BlackRock Municipal Income Trust currently has positive Volume MACD of 2941. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

BlackRock Municipal Income Trust: Momentum(5)
Momentum /
BlackRock Municipal Income Trust: Momentum(5)

[BULLISH]: BlackRock Municipal Income Trust currently has positive momentum of 0.56. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2.1%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 3.8%.

Rate of Change /
BlackRock Municipal Income Trust currently has positive rate of change for 4.526

[BULLISH]: BlackRock Municipal Income Trust currently has positive rate of change of 4.526%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Detrended Price Oscillator /
Bullish trading conditions for BlackRock Municipal Income Trust has been signalled from the DPO (0.7555)

[BULLISH]: BlackRock Municipal Income Trust currently has a confirmed uptrend. Price is currently above the displaced moving average for BLE. Currently, the return on DPO20 is 2.1%.

Volume /
Volume for BLE has surpassed the volume of the previous trading session

[BULLISH]: BlackRock Municipal Income Trust current volume uptrend in the first timeframe. Volume for BLE is 145966 (180.2).

BlackRock Municipal Income Trust has reached a new low of $14.02 (1.0 %)
Low Price /
BlackRock Municipal Income Trust has reached a new low of $14.02 (1.0 %)

[BEARISH]: BlackRock Municipal Income Trust current uptrend in the first timeframe. Currently, the Low is $14.02 (1.0 %).

[Bullish]: A higher close performance for BLE by 2.1 % achieved during last session
Closing Price /
[Bullish]: A higher close performance for BLE by 2.1 % achieved during last session

BLE: CLOSE Current Signal -> (1) 25 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BULLISH

BlackRock Municipal Income Trust: Percentage Volume Oscillator @4.96 [Bullish Crossover]
Percentage Volume /
BlackRock Municipal Income Trust: Percentage Volume Oscillator @4.96 [Bullish Crossover]

[BULLISH CROSSOVER]: BlackRock Municipal Income Trust currently has positive PVO 4.96%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Williams %R /
BlackRock Municipal Income Trust is now overbought with the William %R @-2.8

[BULLISH]: BlackRock Municipal Income Trust is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Ease of Movement /
Recent trading was only supported by low volume for BlackRock Municipal Income Trust

BLE: EOM Current Signal -> (1) 25 May: BULLISH EASY (2) 24 May: BULLISH EASY (3) 23 May: BULLISH EASY

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.462 indicating bull power

[BULLISH]: BlackRock Municipal Income Trust Elder Ray Index is signalling a Bullish movementERI is 0.462 indicating bull power. Prices are being driven above the consensus of value for BLE during the last trading session [Buying Pressure]

Close Tod Vs Close Yest /
BlackRock Municipal Income Trust: Daily Performance (2.1%.)

BLE: Recent performance signals ->(1) 25 May: NEUTRAL (2) 24 May: NEUTRAL (3) 23 May: NEUTRAL

The biggest price range this month for BLE has been $0.7100
Range Tod Vs Range Yest /
The biggest price range this month for BLE has been $0.7100

BLE: Range today versus range yesterday Current Signal ->(1) 25 May: BEARISH (2) 24 May: BULLISH (3) 23 May: BULLISH

Open Tod Vs Close Tod /
BlackRock Municipal Income Trust opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 93.8%. This suggests the buyers were in control all day.

[BULLISH STRONG]: BlackRock Municipal Income Trust opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 93.8%. This suggests the buyers were in control all day. Over the last 12 months there has been 45 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 17.1%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

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