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- 6/20/2025 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis
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| | It was a first positive week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN climbed 0.03 points, or 0.14%, and closed at 20.91 on Friday, June 20, 2025. Weekly volume was -67% below 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 20.44 and resistance is at 21.15. 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 chart has formed a Falling Channel chart pattern. The trend support level is at 20.73 and resistance is at 20.95. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See BKLN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 9, 2025. 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 May 27, 2025 at 20.74 and reached 20.93 on June 10, 2025. BKLN gained -0.19 points, or -0.92%, in 14 days. The price is now at the 10.53% retracement level.
 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (20.88) comes close to the price (20.91). 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 upper 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. 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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