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BKLN
ETF ticker: NYSE ARCA
AS OF
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Net Assets
5.16B

BKLN Invesco Senior Loan ETF Forecast, Technical & Fundamental Analysis

Category BankLoan
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BKLN with price predictions
07:00 PM EST Dec 03, 2023

BKLN in +0.12% Uptrend, rising for three consecutive days on November 24, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BKLN advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 30, 2023. You may want to consider a long position or call options on BKLN as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

BKLN moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BKLN crossed bullishly above the 50-day moving average on November 03, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 374 cases where BKLN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where BKLN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BKLN turned negative on November 27, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BKLN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BKLN broke above its upper Bollinger Band on December 04, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to track the investment results (before fees and expenses) of the Morningstar LSTA US Leveraged Loan 100 Index. The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures Morningstar, Inc. (“Morningstar” or the “index provider”) compiles, maintains and calculates the underlying index, which tracks the market value weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments.
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A.I. Advisor
published General Information

General Information

Category BankLoan

Profile
Fundamentals
Details
Category
Bank Loan
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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BKLN and

Correlation & Price change

A.I.dvisor indicates that over the last year, BKLN has been closely correlated with SRLN. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if BKLN jumps, then SRLN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BKLN
1D Price
Change %
BKLN100%
+0.10%
SRLN - BKLN
89%
Closely correlated
+0.12%
FTSL - BKLN
72%
Closely correlated
N/A
LONZ - BKLN
65%
Loosely correlated
+0.24%
FLBL - BKLN
59%
Loosely correlated
-0.08%
JFR - BKLN
57%
Loosely correlated
-0.68%
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