BLACKROCK MUNIVEST FUND II (MVT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MVT - US09253T1016
We assign a technical rating of 5 out of 10 to MVT. MVT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, MVT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.71, 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.
More info and screens
9.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.59 to 10.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.80 to 10.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.72 to 11.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.53 to 11.71. 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 | UP | POSITIVE | The long term trend for MVT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MVT is neutral. |
| ChartMill Relative Strength | 40.49 | NEUTRAL | MVT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MVT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MVT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MVT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.9 | NEUTRAL | The RSI value for MVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MVT has a positive trend. |
| Stochastics (14,3) | 61.2 | NEUTRAL | The Stochastics value for MVT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for MVT suggests low volalility. |
| Average Directional Index/ADX (14) | 23.63 | NEUTRAL | The ADX value for MVT suggests a possible start of a new trend. |
10.72
-0.02 (-0.19%)
BLACKROCK MUNIVEST FUND II / MVT FAQ
What is the ChartMill technical rating of BLACKROCK MUNIVEST FUND II (MVT) stock?
ChartMill assigns a technical rating of 5 / 10 to MVT.
Can you provide the trend direction for BLACKROCK MUNIVEST FUND II?
The current trend direction for BLACKROCK MUNIVEST FUND II (MVT) is Bullish.
What is the RSI signal for BLACKROCK MUNIVEST FUND II (MVT) stock?
BLACKROCK MUNIVEST FUND II (MVT) has an RSI value of 52.8958. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BLACKROCK MUNIVEST FUND II?
The short term momentum for BLACKROCK MUNIVEST FUND II (MVT) is neutral.
What are the support and resistance levels for BLACKROCK MUNIVEST FUND II (MVT) stock?
BLACKROCK MUNIVEST FUND II (MVT) has a support level at 10.71 and a resistance level at 10.72. Check the full technical report for our detailed analysis of MVT support and resistance levels.