BLACKROCK MUNI INC QLTY (BYM) Stock Technical Analysis
NYSE:BYM - New York Stock Exchange, Inc. - US0924791041 - Currency: USD
We assign a technical rating of 3 out of 10 to BYM. In the past year, BYM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
BYM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.54, a Stop Loss order could be placed below this zone.
More info and screens
10.07
We found 2 important support areas.
- A support zone ranging from 10.34 to 10.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.17 to 10.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.57 to 10.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.32 to 11.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.11 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 BYM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BYM is up. |
| ChartMill Relative Strength | 17.66 | NEGATIVE | BYM has a low relative strength, it was outperformed by 82.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BYM is above the rising 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) | 56.93 | 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) | 79.21 | NEUTRAL | The Stochastics value for BYM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for BYM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for BYM suggests a weak or negative trend. |
NYSE:BYM (7/3/2025, 7:06:32 PM)
10.55
-0.03 (-0.28%)