BLACKROCK MUNIYIELD FUND (MYD) Stock Technical Analysis
NYSE:MYD - New York Stock Exchange, Inc. - US09253W1045 - Currency: USD
We assign a technical rating of 3 out of 10 to MYD. 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.
When comparing the yearly performance of all stocks, MYD is a bad performer in the overall market: 83% of all stocks are doing better.
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 short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month MYD has a been trading in a tight range between 9.90 and 10.12.
Although the technical rating is bad, MYD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.98, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
11.01
We found 1 important support area.
- A support zone ranging from 9.66 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.12 to 10.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- A resistance zone ranging from 10.89 to 10.90. 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 MYD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYD is up. |
| ChartMill Relative Strength | 17.68 | NEGATIVE | MYD has a low relative strength, it was outperformed by 82.32% 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) | 56.33 | 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. |
| Stochastics (14,3) | 75.94 | NEUTRAL | The Stochastics value for MYD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for MYD suggests low volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for MYD suggests a weak or negative 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)
10.09
+0.04 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.4%
1 Week1%
2 Weeks0.9%
1 Month1.41%
3 Month-4.36%
6 Month-4.72%
12 Month-7.09%
2 Year-3.9%
3 Year-13.91%
5 Year-28.84%
10 Year-27.83%
15 Year-30.8%
Volatility
ATR(14)0.07
ATR(20)%0.71%
ATR Inc-11.21%
Range Today0.08
ADR(20)0.07
ADR(20)%0.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.68
Mansfield-1.29
10 Day High10.12
10 Day Low9.91
20 Day High10.12
20 Day Low9.9
52 Week High11.74
52 Week Low9.65
CS1 End9.98
CR1 Start10.02
Volume & EV
DER(3)-1.95%
DER(5)-3.4%
Volume157.50K
Volume Incr34.74%
Vol(5)140.39K
Vol(50)112.52K