BLACKROCK MUNICIPAL INCOME (MUI)

US09253X1028

11.72  +0.01 (+0.09%)

Technical Rating and Analysis

7

Taking everything into account, MUI scores 7 out of 10 in our technical rating. Although MUI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
MUI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, MUI outperforms 55% 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 11.44 and 11.84.
Weekly and Daily overview Charts
MUI Weekly chart
MUI Daily chart
Setup Rating and Analysis

8

MUI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.68, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

11.32

12.19

We found 1 important support area.

  • A support zone ranging from 11.43 to 11.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

2 important resistance areas can be observed.

  • A resistance zone ranging from 11.72 to 11.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @12.07 from a horizontal line in the weekly time frame.
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
CRS55.41
Mansfield-0.93
10 Day High11.84
10 Day Low11.65
20 Day High11.84
20 Day Low11.44
52 Week High11.86
52 Week Low9.73
Performance
1 Week-0.09%
2 Weeks0.17%
1 Month1.91%
3 Month6.16%
6 Month7.62%
12 Month3.81%
2 Year-18.04%
3 Year-20.92%
5 Year-13.63%
10 Year-17.11%
15 Year4.18%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)54.92
LBB11.65
UBB11.78
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
11.8311.640.19 (1.61%)25.00%
An entry @11.83. This is a Buy Stop order right above the resistance zone.An exit @11.64. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.19 points, which is 1.61%.For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
MUI Daily chart

BLACKROCK MUNICIPAL INCOME

NYSE:MUI (2/22/2024, 3:10:03 PM)

11.72

+0.01 (+0.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week-0.09%
2 Weeks0.17%
1 Month1.91%
3 Month6.16%
6 Month7.62%
12 Month3.81%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%0.76%
ATR Inc
Range Today0.08
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 High11.84
10 Day Low11.65
20 Day High11.84
20 Day Low11.44
52 Week High11.86
52 Week Low9.73
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume387.19K
Volume Incr-10.86%
Vol(5)230.90K
Vol(50)257.43K