The Greedy Trader Weekly Analysis
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- 7/17/2026 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaPrice is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtA Parabolic SAR indicator is above and near the pricePrice has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN climbed 0.04 points, or 0.20%, and closed at 20.48 on Friday, July 17, 2026. Weekly volume was -56% below average.

Long-term trend: [See BKLN long-term trend chart]
A long-term downtrend had started on January 13, 2026 at 21.07 and reached 20.11 on March 2, 2026. BKLN lost 0.96 points, or 4.56%, in 6 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 downtrend had started on April 17, 2026 at 20.68 and reached 20.28 on June 29, 2026. BKLN lost 0.40 points, or 1.93%, in 10 weeks. The price is now at the 50.00% retracement level.

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 June 18, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 June 29, 2026 at 20.28 and reached 20.49 on July 16, 2026. BKLN gained -0.21 points, or -1.04%, in 17 days. Price is near the trend high.

Daily Technical Indicators: [See BKLN daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since July 1, 2026. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (20.41) comes close to the price (20.48). 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.91
Strong Overbought
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 89.78
Overbought
Greed/Fear Indicator (GFI) 91.97
Strong Overbought
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.52
Williams' Percentage Range (W%R) 35.10
Lane's Stochastic (%D-Slow) 23.95
Greed/Fear Indicator (GFI) 45.29
Moving Average Converg./Diverg. (MACD) -0.09
Trading Signals
Description Value Chart
Upper Bollinger Band 20.55
Price 20.48
Daily Stochastic Crossing 20.48
50 Day Moving Average 20.47
Parabolic System 20.41
20 Day Moving Average 20.39
Weekly Stochastic Crossing 20.35
Lower Bollinger Band 20.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20.28
Low Date 06/29/2026
High 20.49
High Date 07/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.28
Low Date 06/29/2026
High 20.49
High Date 07/16/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.68
High Date 04/17/2026
Low 20.28
Low Date 06/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.07
High Date 01/13/2026
Low 20.11
Low Date 03/02/2026
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
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.