BLACKROCK MUNIHOLD NJ QLTY (MUJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MUJ - US09254X1019
We assign a technical rating of 8 out of 10 to MUJ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MUJ is only an average performer.
Although MUJ has an excellent technical rating, the quality of the presented setup is not ideal 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
10.56
4 important support areas can be observed.
- A support zone ranging from 11.72 to 11.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.22 to 11.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @11.01 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.67 to 10.78. 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 12.05 to 12.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 MUJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MUJ is up. |
| ChartMill Relative Strength | 59.35 | NEUTRAL | MUJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MUJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MUJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MUJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.32 | NEUTRAL | The RSI value for MUJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MUJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.53 | OVERBOUGHT | The high Stochastics value suggests MUJ may be overbought. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for MUJ suggests low volalility. |
| Average Directional Index/ADX (14) | 35.67 | POSITIVE | The high ADX value value for MUJ suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.17 | 11.82 | 0.35 (2.88%) | 25.00% |
| An entry @12.17. This is a Buy Stop order right above the resistance zone. | An exit @11.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.35 points, which is 2.88%. | For a 0.72% 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.
12.03
-0.1 (-0.82%)
BLACKROCK MUNIHOLD NJ QLTY / MUJ FAQ
What is the ChartMill technical rating of BLACKROCK MUNIHOLD NJ QLTY (MUJ) stock?
ChartMill assigns a technical rating of 8 / 10 to MUJ.
What is the trend direction for MUJ stock?
The current trend direction for BLACKROCK MUNIHOLD NJ QLTY (MUJ) is Bullish.
Can you provide the RSI signal for BLACKROCK MUNIHOLD NJ QLTY?
BLACKROCK MUNIHOLD NJ QLTY (MUJ) has an RSI value of 60.3239. This indicates that the stock is currently neutral.
What is the MACD signal for MUJ stock?
The MACD indicator for BLACKROCK MUNIHOLD NJ QLTY (MUJ) has a value of 0.0118489, indicating a bearish trend.
What is the buy/sell signal for MUJ stock?
The buy/sell signal for BLACKROCK MUNIHOLD NJ QLTY (MUJ) is buy as both the short term and long term trends are positive.