BLACKROCK MUNIYIELD QLTY III (MYI) Stock Technical Analysis
USA - NYSE:MYI - US09254E1038
10.97 USD
+0.01 (+0.09%)
10.69 USD
-0.28 (-2.55%)
We assign a technical rating of 7 out of 10 to MYI. Although MYI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
73% of all other stocks performed better in the past year than MYI.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MYI has a been trading in the 10.41 - 11.11 range, which is quite wide. It is currently trading near the high of this range.
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.
Although MYI has an excellent technical rating, the quality of the presented setup is not ideal 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
11.28
2 important support areas can be observed.
- A support zone ranging from 10.55 to 10.78. 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 found 1 important resistance area.
- Resistance @11.17 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 | 27.2 | NEGATIVE | MYI has a low relative strength, it was outperformed by 72.8% 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 | MIXED | The current price of MYI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.16 | NEUTRAL | The RSI value for MYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MYI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.03 | NEUTRAL | The Stochastics value for MYI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for MYI suggests low volalility. |
| Average Directional Index/ADX (14) | 33.03 | 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)
10.97
+0.01 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week-0.54%
2 Weeks2.62%
1 Month5.79%
3 Month5.68%
6 Month-0.45%
12 Month-8.51%
2 Year14.87%
3 Year5.18%
5 Year-18.38%
10 Year-21.47%
15 Year-22.58%
Volatility
ATR(14)0.09
ATR(20)%0.83%
ATR Inc-8.16%
Range Today0.05
ADR(20)0.08
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.2
Mansfield-1.02
10 Day High11.11
10 Day Low10.73
20 Day High11.11
20 Day Low10.41
52 Week High12.07
52 Week Low9.98
CS1 End10.78
CR1 Start11.17
Volume & EV
DER(3)2.4%
DER(5)-1.16%
Volume110.70K
Volume Incr-5.31%
Vol(5)180.46K
Vol(50)183.91K