Taking everything into account, BZM scores 2 out of 10 in our technical rating. BZM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BZM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.67, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
14.12
We found 1 important support area.
- A support zone ranging from 14.26 to 14.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 15.09 to 15.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 16.05 to 16.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 16.95 to 17.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BZM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BZM is neutral. |
| ChartMill Relative Strength | 13.38 | NEGATIVE | BZM has a low relative strength, it was outperformed by 86.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BZM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BZM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BZM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.53 | NEUTRAL | The RSI value for BZM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BZM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.05 | NEUTRAL | The Stochastics value for BZM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BZM suggests some volalility. |
NYSEARCA:BZM (4/16/2021, 9:55:13 PM)
15
-0.35 (-2.25%)
Blackrock Maryland Muni Trust / BZM FAQ
What is the technical rating for BZM stock?
ChartMill assigns a technical rating of 2 / 10 to BZM.
What is the current trend direction of Blackrock Maryland Muni Trust (BZM) stock?
The current trend direction for Blackrock Maryland Muni Trust (BZM) is Bearish.
Can you provide the RSI signal for Blackrock Maryland Muni Trust?
Blackrock Maryland Muni Trust (BZM) has an RSI value of 47.5283. This indicates that the stock is currently neutral.
What is the MACD signal for BZM stock?
The MACD indicator for Blackrock Maryland Muni Trust (BZM) has a value of 0.0190887, indicating a bearish trend.
What are the support and resistance levels for Blackrock Maryland Muni Trust (BZM) stock?
Blackrock Maryland Muni Trust (BZM) has a support level at 14.67 and a resistance level at 15.09. Check the full technical report for our detailed analysis of BZM support and resistance levels.