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Downtrend ResistanceArchive
- 3/20/2026 -
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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 positive week after 7 consecutive negative weeks for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN climbed 0.03 points, or 0.15%, and closed at 20.49 on Friday, March 20, 2026. Weekly volume was 74% 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See BKLN medium-term trend chart]
A medium-term uptrend had started on March 2, 2026 at 20.11 and reached 20.57 on March 17, 2026. BKLN gained -0.46 points, or -2.29%, in 2 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (20.64) 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 medium-term trend.
 Weekly Technical Indicators: [See BKLN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since January 23, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 March 17, 2026 at 20.57 and reached 20.47 on March 20, 2026. BKLN lost 0.10 points, or 0.49%, in 3 days. The price is now at the 20.00% retracement level.
 Daily Technical Indicators: [See BKLN daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since March 6, 2026.
A Parabolic SAR (stop and reversal) indicator (20.33) comes close to the price (20.49). 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 is close to the moving average in the center of the Bollinger Bands. 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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