BLACKROCK MUNICIPAL INCOME (MUI) Stock Technical Analysis
NYSE:MUI - New York Stock Exchange, Inc. - US09253X1028 - Currency: USD
Taking everything into account, MUI scores 1 out of 10 in our technical rating. MUI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the performance of all stocks over the past year, MUI turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
MUI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MUI is lagging the market.
In the last month MUI has a been trading in a tight range between 11.57 and 12.22.
Volume is considerably higher in the last couple of days.
MUI has a poor technical rating and the quality of the setup is also not perfect 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
11.65
12.91
2 important support areas can be observed.
- A support zone ranging from 12.03 to 12.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.10 to 12.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @12.54 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.76 to 12.78. 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 MUI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MUI is down. |
| ChartMill Relative Strength | 49.42 | NEUTRAL | MUI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MUI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MUI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MUI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.75 | NEUTRAL | The RSI value for MUI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MUI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.78 | NEUTRAL | The Stochastics value for MUI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for MUI suggests low volalility. |
| Average Directional Index/ADX (14) | 32.09 | POSITIVE | The high ADX value value for MUI suggests a strong trend. |
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)
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)
NYSE:MUI (2/14/2025, 8:04:00 PM)
12.09
+0.31 (+2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.63%
1 Week0%
2 Weeks-1.06%
1 Month-0.33%
3 Month-0.82%
6 Month-3.28%
12 Month2.98%
2 Year6.99%
3 Year-15.45%
5 Year-16.45%
10 Year-17.19%
15 Year-10.11%
Volatility
ATR(14)0.14
ATR(20)%0.99%
ATR Inc426.27%
Range Today0.4
ADR(20)0.11
ADR(20)%0.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.42
Mansfield-1
10 Day High12.21
10 Day Low11.57
20 Day High12.22
20 Day Low11.57
52 Week High12.83
52 Week Low11.46
CS1 End12.05
CR1 Start12.1
Volume & EV
DER(3)0.77%
DER(5)-1.33%
Volume2.37M
Volume Incr168.89%
Vol(5)1.48M
Vol(50)519.47K