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Archive
- 9/4/2026 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis
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| Summary:
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| | It was a first positive week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN climbed 0.09 points, or 0.44%, and closed at 20.61 on Friday, September 4, 2026. Weekly volume was -28% 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. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (20.38) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BKLN may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a long-term trend.
 Medium-term trend: [See BKLN medium-term trend chart]
A medium-term uptrend had started on June 29, 2026 at 20.28 and reached 20.62 on August 21, 2026. BKLN gained -0.34 points, or -1.68%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 20.45 and resistance is at 20.67. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BKLN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 17, 2026. This is an indication that the medium-term trend is up. 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 August 24, 2026 at 20.49 and reached 20.61 on September 4, 2026. BKLN gained -0.12 points, or -0.59%, in 11 days. Price is near the trend high.
 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since September 1, 2026. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 0.58% on Friday. It is 52.62% lower than one year average. It indicates the period of low 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.
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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