BLACKROCK MUNI INC QLTY (BYM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BYM - US0924791041
Overall BYM gets a technical rating of 4 out of 10. BYM was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
Although the technical rating is only medium, BYM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 10.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BYM 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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9.99
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.85 to 10.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.60 from a horizontal line in the daily time frame.
- Support @10.35 from a horizontal line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- Resistance @11.02 from a horizontal line in the weekly time frame.
- Resistance @11.36 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 | UP | POSITIVE | The long term trend for BYM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BYM is neutral. |
| ChartMill Relative Strength | 36.66 | NEUTRAL | BYM is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of BYM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BYM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.07 | NEUTRAL | The RSI value for BYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BYM has a positive trend. |
| Stochastics (14,3) | 72.46 | NEUTRAL | The Stochastics value for BYM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for BYM suggests low volalility. |
| Average Directional Index/ADX (14) | 21.77 | NEUTRAL | The ADX value for BYM suggests a possible start of a new trend. |
10.96
+0.07 (+0.64%)
BLACKROCK MUNI INC QLTY / BYM FAQ
What is the technical rating for BYM stock?
ChartMill assigns a technical rating of 4 / 10 to BYM.
What is the trend direction for BYM stock?
The current trend direction for BLACKROCK MUNI INC QLTY (BYM) is Bullish.
Can you provide the RSI signal for BLACKROCK MUNI INC QLTY?
BLACKROCK MUNI INC QLTY (BYM) has an RSI value of 56.0696. This indicates that the stock is currently neutral.
What is the MACD signal for BYM stock?
The MACD indicator for BLACKROCK MUNI INC QLTY (BYM) has a value of 0.00957626, indicating a bearish trend.