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Archive
- 5/29/2026 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | During the week, the BKLN has not change and closed at 20.47 on Friday, May 29, 2026. Weekly volume was -29% 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 uptrend had started on March 2, 2026 at 20.11 and reached 20.68 on April 17, 2026. BKLN gained -0.57 points, or -2.83%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (20.64) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BKLN may retest the broken support line. It is considered to be a resistance 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 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 May 11, 2026 at 20.68 and reached 20.46 on May 21, 2026. BKLN lost 0.22 points, or 1.06%, in 10 days. Price is near the trend low.
 Daily Technical Indicators: [See BKLN daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 15, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (20.6) comes close to the price (20.47). 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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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