BLACKROCK MUNI INC QLTY (BYM) Stock Technical Analysis
NYSE:BYM - New York Stock Exchange, Inc. - US0924791041 - Currency: USD
Taking everything into account, BYM scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BYM was also a bad performer in the overall market in the last year.
Although the technical rating is bad, BYM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.47, a Stop Loss order could be placed below this zone.
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9.99
2 important support areas can be observed.
- A support zone ranging from 10.40 to 10.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.09 to 10.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.60 to 10.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.37 to 11.42. 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 | DOWN | NEGATIVE | The long term trend for BYM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BYM is up. |
| ChartMill Relative Strength | 25.18 | NEGATIVE | BYM has a low relative strength, it was outperformed by 74.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BYM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BYM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BYM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.26 | NEUTRAL | The RSI value for BYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BYM has a positive trend. |
| Stochastics (14,3) | 75.89 | NEUTRAL | The Stochastics value for BYM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for BYM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.75 | NEGATIVE | The low ADX value for BYM suggests a weak or negative trend. |
NYSE:BYM (8/1/2025, 8:24:42 PM)
10.51
+0.09 (+0.86%)