Blackrock Munienhanced Fund (MEN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MEN
Taking everything into account, MEN scores 5 out of 10 in our technical rating. Although MEN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, MEN is a bad performer in the overall market: 78% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- MEN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MEN is lagging the market slightly.
- In the last month MEN has a been trading in a tight range between 11.63 and 12.14.
MEN has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.05
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.57 to 12.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.16 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.11 to 12.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 12.46 to 12.53. 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 | UP | POSITIVE | The long term trend for MEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEN is up. |
| ChartMill Relative Strength | 22.76 | NEGATIVE | MEN has a low relative strength, it was outperformed by 77.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MEN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.12 | NEUTRAL | The RSI value for MEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.41 | OVERBOUGHT | The high Stochastics value suggests MEN may be overbought. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for MEN suggests low volalility. |
NYSE:MEN (4/16/2021, 9:20:27 PM)
12.08
+0.02 (+0.17%)
Blackrock Munienhanced Fund / MEN FAQ
Can you provide the ChartMill technical rating for Blackrock Munienhanced Fund?
ChartMill assigns a technical rating of 5 / 10 to MEN.
Can you provide the trend direction for Blackrock Munienhanced Fund?
The current trend direction for Blackrock Munienhanced Fund (MEN) is Bullish.
Can you provide the RSI signal for Blackrock Munienhanced Fund?
Blackrock Munienhanced Fund (MEN) has an RSI value of 63.1229. This indicates that the stock is currently neutral.
What is the MACD signal for MEN stock?
The MACD indicator for Blackrock Munienhanced Fund (MEN) has a value of 0.0287543, indicating a bearish trend.
What is the buy/sell signal for Blackrock Munienhanced Fund (MEN) stock?
The buy/sell signal for Blackrock Munienhanced Fund (MEN) is buy as both the short term and long term trends are positive.