BLACKROCK MUNIYIELD CA QUALI (MCA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MCA
Overall MCA gets a technical rating of 0 out of 10. MCA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MCA is a bad performer in the overall market: 72% of all stocks are doing better.
- MCA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month MCA has a been trading in the 12.50 - 13.35 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of MCA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.38
We can see 4 important resistance areas.
- A resistance zone ranging from 12.87 to 13.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.53 to 13.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.46 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.92 to 16.02. 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 MCA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCA is down. |
| ChartMill Relative Strength | 28.4 | NEGATIVE | MCA has a low relative strength, it was outperformed by 71.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.54 | OVERSOLD | The low RSI value suggests MCA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MCA has a negative trend. |
| Stochastics (14,3) | 3.52 | OVERSOLD | The low Stochastics value suggests MCA may be oversold. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for MCA suggests low volalility. |
NYSE:MCA (4/8/2022, 9:31:35 PM)
12.51
-0.12 (-0.95%)
BLACKROCK MUNIYIELD CA QUALI / MCA FAQ
What is the technical rating for MCA stock?
ChartMill assigns a technical rating of 0 / 10 to MCA.
What is the trend direction for MCA stock?
The current trend direction for BLACKROCK MUNIYIELD CA QUALI (MCA) is Bearish.
What is the RSI signal for MCA stock?
BLACKROCK MUNIYIELD CA QUALI (MCA) has an RSI value of 21.5352. This indicates that the stock is currently oversold.
What is the short term momentum for MCA stock?
The short term momentum for BLACKROCK MUNIYIELD CA QUALI (MCA) is negative.
What are the support and resistance levels for BLACKROCK MUNIYIELD CA QUALI (MCA) stock?
BLACKROCK MUNIYIELD CA QUALI (MCA) has a resistance level at 12.87. Check the full technical report for our detailed analysis of MCA support and resistance levels.