BLACKROCK MUNIYIELD QLTY III (MYI) Stock Technical Analysis
NYSE:MYI - US09254E1038
We assign a technical rating of 2 out of 10 to MYI. Recently some decent action could be observed, but in the medium term time frame this is still negative. MYI was also a bad performer in the overall market in the last year.
MYI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.50, 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.
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10.10
When analyzing the support we notice one important area.
- A support zone ranging from 10.20 to 10.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.60 to 10.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.95 from a horizontal line in the daily 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 MYI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYI is neutral. |
| ChartMill Relative Strength | 23.39 | NEGATIVE | MYI has a low relative strength, it was outperformed by 76.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MYI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.81 | NEUTRAL | The RSI value for MYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MYI has a positive trend. |
| Stochastics (14,3) | 57.58 | NEUTRAL | The Stochastics value for MYI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for MYI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.58 | NEGATIVE | The low ADX value for MYI suggests a weak or negative trend. |
NYSE:MYI (8/26/2025, 10:11:11 AM)
10.53
-0.01 (-0.09%)