BLACKROCK MUNICIPAL INCOME (MUI)

US09253X1028

12.31  +0.03 (+0.24%)

Technical Rating and Analysis

6

Taking everything into account, MUI scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MUI is only an average performer.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MUI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MUI is leading the market.
When compared to the yearly performance of all other stocks, MUI outperforms 60% of them, which is more or less in line with the market.
In the last month MUI has a been trading in a tight range between 12.25 and 12.40.

More info and screens

Weekly and Daily overview Charts
MUI Weekly chart
MUI Daily chart
Setup Rating and Analysis

8

Although the technical rating is only medium, MUI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.30, a Stop Loss order could be placed below this zone.

More info and screens

Support and Resistance Analysis

11.33

12.52

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 12.07 to 12.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 11.44 to 11.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 12.32 to 12.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.32
Mansfield-0.43
10 Day High12.34
10 Day Low12.26
20 Day High12.4
20 Day Low12.25
52 Week High12.42
52 Week Low9.73
Performance
1 Week0.24%
2 Weeks-0.49%
1 Month0.08%
3 Month7.23%
6 Month7.51%
12 Month7.32%
2 Year-1.05%
3 Year-23.11%
5 Year-13.67%
10 Year-12.32%
15 Year-2.07%

More info

Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

More info

Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)54.13
LBB12.24
UBB12.35

More info

Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
12.4112.250.16 (1.29%)25.00%
An entry @12.41. This is a Buy Stop order right above the resistance zone.An exit @12.25. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.16 points, which is 1.29%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

MUI Daily chart

BLACKROCK MUNICIPAL INCOME

NYSE:MUI (7/26/2024, 7:04:00 PM)

12.31

+0.03 (+0.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.24%
1 Week0.24%
2 Weeks-0.49%
1 Month0.08%
3 Month7.23%
6 Month7.51%
12 Month7.32%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.05
ATR(20)%0.45%
ATR Inc
Range Today0.04
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.34
10 Day Low12.26
20 Day High12.4
20 Day Low12.25
52 Week High12.42
52 Week Low9.73
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume66.90K
Volume Incr-16.56%
Vol(5)165.84K
Vol(50)171.79K