BLACKROCK MUNIYIELD FUND (MYD) Stock Technical Analysis
NYSE:MYD - New York Stock Exchange, Inc. - US09253W1045 - Currency: USD
Overall MYD gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MYD was also a bad performer in the overall market in the last year.
78% of all other stocks performed better in the past year than MYD.
MYD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MYD has a been trading in a tight range between 9.77 and 10.18.
MYD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.04, 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
9.56
11.00
We found 1 important support area.
- A support zone ranging from 9.66 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 10.07 to 10.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.33 to 10.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 10.64 to 10.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.89 from a horizontal line in the weekly time frame.
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 MYD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYD is up. |
| ChartMill Relative Strength | 22.75 | NEGATIVE | MYD has a low relative strength, it was outperformed by 77.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MYD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.16 | NEUTRAL | The RSI value for MYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MYD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.99 | NEUTRAL | The Stochastics value for MYD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for MYD suggests low volalility. |
| Average Directional Index/ADX (14) | 24.73 | NEUTRAL | The ADX value for MYD suggests a possible start of a new 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)
10.06
-0.05 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.49%
1 Week0%
2 Weeks0.6%
1 Month2.03%
3 Month-1.57%
6 Month-7.2%
12 Month-10.18%
2 Year0.2%
3 Year-8.63%
5 Year-26.78%
10 Year-28.75%
15 Year-33.07%
Volatility
ATR(14)0.07
ATR(20)%0.7%
ATR Inc-34.62%
Range Today0.03
ADR(20)0.07
ADR(20)%0.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.75
Mansfield-1.39
10 Day High10.18
10 Day Low9.98
20 Day High10.18
20 Day Low9.77
52 Week High11.74
52 Week Low9.65
CS1 End10.04
CR1 Start10.07
Volume & EV
DER(3)2.76%
DER(5)1.74%
Volume99.40K
Volume Incr-22.59%
Vol(5)98.68K
Vol(50)115.78K