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BTZ stock – BlackRock Credit Allocation Income Trust sideways range & retest history

NYSE

On the weekly chart, BTZ has been moving sideways between $9.27 and $11.79 since 14 Aug 2022.

Since 2020, NasdaqScan has found 3 sideways ranges in BTZ. The completed range lasted 630 days. It broke downward. The current range is 27% wide from low to high. The latest retest signal NasdaqScan detected in BTZ was in the week of 17 Apr 2022, below the earlier $13.66 – $15.00 range.

The pattern: price breaks out below a long sideways range, the pullback back into the range fails, and price comes back to retest the low. Traders also call this a spring. NasdaqScan flags the weekly candle that makes the retest.

Weekly chart: each candle is one week of trading, and every date on this page is the week it falls in.

Gold dashed bands mark earlier sideways ranges, from their first swing to where they broke. Pick a range in the table below to zoom the chart to it.

Sideways ranges

RangeStartedEndedHow it endedRetest signals (week of)
14 Aug 2022Open——
20 Sept 202012 Jun 2022 (630 days)Broke below the range at $10.2417 Apr 2022 (BO accepted)
22 Mar 2020Open——

Retest signals detected

  • Week of 17 Apr 2022: retest of the low after a breakout below a sideways range, 574 days after the range began (BO accepted)

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.

← All current retest signals