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Archive
- 4/17/2025 -
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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 second consecutive positive week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN climbed 0.11 points, or 0.54%, and closed at 20.58 on Thursday, April 17, 2025. Weekly volume was 54% 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 chart has formed a Falling Channel chart pattern. The downtrend support line (20.83) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 31, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 20.65 on April 15, 2025. BKLN gained -0.63 points, or -3.15%, in 6 days. The price is now at the 11.11% retracement level.
Daily Technical Indicators: [See BKLN daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 237.91% 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.
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