The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/17/2025 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis

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Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is below and near the pricePrice is near the Fibonacci 23.6% retracement levelThe price touches the lower Bollinger BandPrice is close to the 50 Day Moving Average
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It was a first positive week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN climbed 0.06 points, or 0.29%, and closed at 20.85 on Friday, October 17, 2025. It was the best weekly gain since August 8, 2025. Weekly volume was 17% above average.

Long-term trend: [See BKLN long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 20.02 and reached 21.04 on July 15, 2025. BKLN gained -1.02 points, or -5.09%, in 13 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (21.22) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See BKLN medium-term trend chart]
A medium-term downtrend had started on July 15, 2025 at 21.04 and reached 20.79 on October 10, 2025. BKLN lost 0.25 points, or 1.19%, in 12 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See BKLN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See BKLN short-term trend chart]
A short-term downtrend had started on September 18, 2025 at 21.04 and reached 20.79 on October 10, 2025. BKLN lost 0.25 points, or 1.19%, in 22 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See BKLN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 22, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (20.89) comes close to the price (20.85). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the lower Bollinger Band. 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. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.11
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 31.47
Greed/Fear Indicator (GFI) 32.86
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.00
Williams' Percentage Range (W%R) 84.00
Oversold
Lane's Stochastic (%D-Slow) 43.62
Greed/Fear Indicator (GFI) 35.37
Moving Average Converg./Diverg. (MACD) 0.01
Trading Signals
Description Value Chart
Monthly Trendline Support 21.22
Monthly Trendline Resistance 21.04
Upper Bollinger Band 20.97
50 Day Moving Average 20.92
20 Day Moving Average 20.89
Parabolic System 20.89
Weekly Stochastic Crossing 20.87
Price 20.85
Daily Stochastic Crossing 20.83
Lower Bollinger Band 20.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.04
High Date 09/18/2025
Low 20.79
Low Date 10/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.04
High Date 07/15/2025
Low 20.79
Low Date 10/10/2025
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 21.04
Support 21.22
Low 20.02
Low Date 04/09/2025
High 21.04
High Date 07/15/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.27
High Date 09/15/2023
Low 20.02
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.06
Low Date 09/30/2022
High 21.27
High Date 09/15/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.