BLACKROCK MUNIHOLDINGS FUND (MHD)       11.96  -0.18 (-1.48%)

11.96  -0.18 (-1.48%)

US09253N1046 - After market: 11.96 0 (0%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to MHD. Recently some decent action could be observed, but in the medium term time frame this is still negative. MHD was also a bad performer in the overall market in the last year.



In the last month MHD has a been trading in the 10.71 - 12.21 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, MHD is a bad performer in the overall market: 67% of all stocks are doing better.
MHD is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 10.54% -6.27% -10.34% -26.54% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 33.7 10.7 - 17.25
MHD Weekly chart
MHD Daily chart

Support/Resistance Analysis


10.61

13.82
When analyzing the support we can see 2 important areas.
  • Support @11.95 from a trend line in the weekly time frame.
  • A support zone ranging from 10.72 to 10.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • Resistance @12.79 from a trend line in the daily time frame.
  • A resistance zone ranging from 13.21 to 13.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 13.61 to 13.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

The technical rating of MHD is bad and it also does not present a quality setup 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.


MHD Daily chart

BLACKROCK MUNIHOLDINGS FUND11.96

NYSE:MHD (11/28/2022, 7:05:37 PM)-0.18 (-1.48%)

After market: 11.96 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -1.48% 1 Week 3.01%
2 Weeks 6.03% 1 Month 10.54%
3 Month -6.27% 6 Month -10.34%
Volatility
ATR(14) 0.21 ATR(20)% 1.52%
ATR Inc -34.18% Range Today 0.22
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 33.7 Mansfield -0.68
10 Day High 12.21 10 Day Low 11.02
20 Day High 12.21 20 Day Low 10.71
52 Week High 17.25 52 Week Low 10.7
CS1 End 11.95 CR1 Start 12.79
Volume & EV
DER(3) 6.24% DER(5) 1.73%
Volume 251.40K Volume Incr -12.56%
Vol(5) 207.82K Vol(50) 203.70K

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