BLACKROCK MUNIYIELD QLTY III (MYI)       11.05  -0.03 (-0.27%)

11.05  -0.03 (-0.27%)

US09254E1038

Technical Rating

4

We assign a technical rating of 4 out of 10 to MYI. In the past year, MYI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.



In the last month MYI has a been trading in the 10.07 - 11.22 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days.
When comparing the yearly performance of all stocks, MYI is a bad performer in the overall market: 66% of all stocks are doing better.
MYI is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 10.61% -3.07% -8.75% -23.85% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 34.52 9.96 - 14.9
MYI Weekly chart
MYI Daily chart

Support/Resistance Analysis


9.88

12.68
We found 1 important support area.
  • A support zone ranging from 9.98 to 9.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • Resistance @11.16 from a trend line in the weekly time frame.
  • A resistance zone ranging from 11.60 to 11.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 12.20 to 12.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

MYI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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.

MYI Daily chart

BLACKROCK MUNIYIELD QLTY III11.05

NYSE:MYI (12/2/2022, 7:04:00 PM)-0.03 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -0.27% 1 Week N/A
2 Weeks 1.56% 1 Month 10.61%
3 Month -3.07% 6 Month -8.75%
Volatility
ATR(14) 0.18 ATR(20)% 1.55%
ATR Inc -33.21% Range Today 0.07
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 34.52 Mansfield -0.69
10 Day High 11.22 10 Day Low 10.75
20 Day High 11.22 20 Day Low 10.07
52 Week High 14.9 52 Week Low 9.96
CS1 End 9.99 CR1 Start 11.16
Volume & EV
DER(3) 1.32% DER(5) -3.22%
Volume 465.40K Volume Incr 37.39%
Vol(5) 352.62K Vol(50) 253.11K

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