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- 10/16/2026 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis

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Summary:
Weekly :Trend support at 20.44
Daily :The price has fallen below the Parabolic SARPrice 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 the negative week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN gave back -0.03 points, or -0.15%, and closed at 20.44 on Friday, October 16, 2026. BKLN was trading at average weekly trading volume.

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. The price is now at the 34.38% retracement 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 20.69 on September 17, 2026. BKLN gained -0.58 points, or -2.88%, in 28 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend support (20.44) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See BKLN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 7, 2026 at 20.53 and reached 20.41 on October 15, 2026. BKLN lost 0.12 points, or 0.58%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 21, 2026. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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) 45.16
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 39.89
Greed/Fear Indicator (GFI) 40.63
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.00
Williams' Percentage Range (W%R) 53.70
Lane's Stochastic (%D-Slow) 46.04
Greed/Fear Indicator (GFI) 48.31
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 20.69
Upper Bollinger Band 20.57
Parabolic System 20.55
50 Day Moving Average 20.54
Weekly Stochastic Crossing 20.50
20 Day Moving Average 20.49
Daily Stochastic Crossing 20.45
Quarterly Trendline Support 20.44
Price 20.44
Lower Bollinger Band 20.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 20.53
High Date 10/07/2026
Low 20.41
Low Date 10/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.53
High Date 10/07/2026
Low 20.41
Low Date 10/15/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.69
High Date 09/17/2026
Low 20.40
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Test Support
Resistance 20.69
Support 20.44
Low 20.11
Low Date 03/02/2026
High 20.69
High Date 09/17/2026
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
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.