BLACKROCK MUNIYIELD QLTY III (MYI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MYI - US09254E1038
We assign a technical rating of 3 out of 10 to MYI. In the last year, MYI was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
MYI has a poor technical rating and the quality of the setup is also only medium 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
10.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.63 to 10.93. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.00 to 11.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 12.00 to 12.02. 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 | NEUTRAL | NEUTRAL | The long term trend for MYI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYI is up. |
| ChartMill Relative Strength | 32.28 | NEUTRAL | MYI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MYI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MYI is above a declining 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) | 57.94 | NEUTRAL | The RSI value for MYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MYI has a positive trend. |
| Stochastics (14,3) | 88.58 | OVERBOUGHT | The high Stochastics value suggests MYI may be overbought. |
| 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) | 15.01 | NEGATIVE | The low ADX value for MYI suggests a weak or negative trend. |
10.96
+0.05 (+0.46%)
BLACKROCK MUNIYIELD QLTY III / MYI FAQ
What is the ChartMill technical rating of BLACKROCK MUNIYIELD QLTY III (MYI) stock?
ChartMill assigns a technical rating of 3 / 10 to MYI.
What is the trend direction for MYI stock?
The current trend direction for BLACKROCK MUNIYIELD QLTY III (MYI) is Bearish.
What is the RSI signal for BLACKROCK MUNIYIELD QLTY III (MYI) stock?
BLACKROCK MUNIYIELD QLTY III (MYI) has an RSI value of 57.9385. This indicates that the stock is currently neutral.
What is the short term momentum for MYI stock?
The short term momentum for BLACKROCK MUNIYIELD QLTY III (MYI) is positive.
Can you provide the support and resistance levels for BLACKROCK MUNIYIELD QLTY III?
BLACKROCK MUNIYIELD QLTY III (MYI) has a support level at 10.93 and a resistance level at 11. Check the full technical report for our detailed analysis of MYI support and resistance levels.