BLACKROCK NEW YORK MUNI INC (BNY) Stock Technical Analysis
NYSE:BNY - New York Stock Exchange, Inc. - US09248L1061 - Currency: USD
Taking everything into account, BNY scores 0 out of 10 in our technical rating. BNY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BNY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BNY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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9.49
When analyzing the support we notice one important area.
- A support zone ranging from 9.59 to 9.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.63 to 9.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.14 to 10.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.02 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for BNY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNY is down. |
| ChartMill Relative Strength | 24.66 | NEGATIVE | BNY has a low relative strength, it was outperformed by 75.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.04 | NEUTRAL | The RSI value for BNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BNY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.72 | NEUTRAL | The Stochastics value for BNY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for BNY suggests low volalility. |
| Average Directional Index/ADX (14) | 44.84 | POSITIVE | The high ADX value value for BNY suggests a strong trend. |
NYSE:BNY (6/6/2025, 8:04:00 PM)
9.6
-0.01 (-0.1%)