INSPIRE GLOBAL HOPE ETF (BLES) Stock Technical Analysis
NYSEARCA:BLES - NYSE Arca - US66538H6586 - ETF - Currency: USD
Overall BLES gets a technical rating of 4 out of 10. In the past year, BLES was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, BLES does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLES in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
36.14
2 important support areas can be observed.
- A support zone ranging from 37.71 to 38.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.51 to 36.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.95 to 38.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 39.70 to 39.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
NYSEARCA:BLES (3/7/2025, 8:07:53 PM)
38.71
+0.42 (+1.1%)