BLACKROCK MUNIYIELD FUND (MYD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MYD - US09253W1045
We assign a technical rating of 4 out of 10 to MYD. In the last year, MYD was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- When comparing the yearly performance of all stocks, MYD is a bad performer in the overall market: 64% of all stocks are doing better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- MYD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MYD is lagging the market.
- In the last month MYD has a been trading in a tight range between 10.25 and 10.70.
MYD has an average technical rating and it also does not offer a high quality setup 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
9.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.22 to 10.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.97 to 9.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.66 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.57 to 10.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.88 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 | UP | POSITIVE | The long term trend for MYD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYD is neutral. |
| ChartMill Relative Strength | 36.98 | NEUTRAL | MYD is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MYD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MYD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.67 | 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) | 76.48 | NEUTRAL | The Stochastics value for MYD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for MYD suggests low volalility. |
| Average Directional Index/ADX (14) | 23.75 | NEUTRAL | The ADX value for MYD suggests a possible start of a new trend. |
10.5
-0.18 (-1.69%)
BLACKROCK MUNIYIELD FUND / MYD FAQ
What is the ChartMill technical rating of BLACKROCK MUNIYIELD FUND (MYD) stock?
ChartMill assigns a technical rating of 4 / 10 to MYD.
What is the current trend direction of BLACKROCK MUNIYIELD FUND (MYD) stock?
The current trend direction for BLACKROCK MUNIYIELD FUND (MYD) is Bullish.
Can you provide the RSI signal for BLACKROCK MUNIYIELD FUND?
BLACKROCK MUNIYIELD FUND (MYD) has an RSI value of 49.6735. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BLACKROCK MUNIYIELD FUND?
The short term momentum for BLACKROCK MUNIYIELD FUND (MYD) is neutral.