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Downtrend Broken Resist.Archive
- 4/25/2025 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a third consecutive positive week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN climbed 0.11 points, or 0.53%, and closed at 20.69 on Friday, April 25, 2025. Weekly volume was 77% above average.
 Long-term trend: [See BKLN long-term trend chart]
A long-term downtrend had started on September 15, 2023 at 21.27 and reached 20.02 on April 9, 2025. BKLN lost 1.25 points, or 5.88%, in 81 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 20.47 and resistance is at 21.16. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See BKLN medium-term trend chart]
A medium-term downtrend had started on November 11, 2024 at 21.19 and reached 20.02 on April 9, 2025. BKLN lost 1.17 points, or 5.52%, in 21 weeks. The price is now at the 57.26% retracement level.
 Weekly Technical Indicators: [See BKLN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 31, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See BKLN short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 20.02 and reached 20.72 on April 25, 2025. BKLN gained -0.70 points, or -3.50%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See BKLN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 11, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 170.78% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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