BLACKROCK MUNIYIELD QLTY III (MYI) Stock Technical Analysis
USA - NYSE:MYI - US09254E1038
11.06 USD
-0.05 (-0.45%)
10.98 USD
-0.08 (-0.72%)
Taking everything into account, MYI scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MYI is only an average performer.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, MYI outperforms 43% of them, which is more or less in line with the market.
MYI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MYI is lagging the market.
In the last month MYI has a been trading in a tight range between 10.91 and 11.19.
Considerably lower volume is observed in the last couple of days.
MYI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MYI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.10
11.41
We found 2 important support areas.
- A support zone ranging from 10.81 to 11.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.20 to 10.29. 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 11.07 to 11.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.30 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 | UP | POSITIVE | The long term trend for MYI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYI is up. |
| ChartMill Relative Strength | 43.36 | NEUTRAL | MYI is not amongst the best or worst performers 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 | MIXED | The current price of MYI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.54 | NEUTRAL | The RSI value for MYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MYI has a negative trend. |
| Stochastics (14,3) | 65.48 | NEUTRAL | The Stochastics value for MYI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for MYI suggests low volalility. |
| Average Directional Index/ADX (14) | 31.41 | POSITIVE | The high ADX value value for MYI suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.08 | 10.92 | 0.16 (1.45%) | 25.00% |
| An entry @11.08. This is a Buy Stop order right above the resistance zone. | An exit @10.92. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 1.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.06
-0.05 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.45%
1 Week-0.36%
2 Weeks0.73%
1 Month0.91%
3 Month7.9%
6 Month6.04%
12 Month-6.67%
2 Year15.33%
3 Year10.16%
5 Year-17.65%
10 Year-22.55%
15 Year-21.28%
Volatility
ATR(14)0.08
ATR(20)%0.65%
ATR Inc38.61%
Range Today0.12
ADR(20)0.07
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.36
Mansfield-0.75
10 Day High11.19
10 Day Low10.93
20 Day High11.19
20 Day Low10.91
52 Week High11.85
52 Week Low9.98
CS1 End11.03
CR1 Start11.07
Volume & EV
DER(3)3.01%
DER(5)-2.68%
Volume155.10K
Volume Incr-35.7%
Vol(5)111.98K
Vol(50)177.26K