BLACKROCK MUNIYIELD NY QLTY (MYN) Technical Analysis
NYSE:MYN • US09255E1029
Current stock price
MYN Technical Rating and Analysis
Overall MYN gets a technical rating of 2 out of 10. MYN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MYN is a bad performer in the overall market: 61% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MYN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MYN is lagging the market slightly.
- In the last month MYN has a been trading in a tight range between 9.45 and 9.98.
MYN Weekly and Daily overview Charts
MYN Setup Rating and Analysis
MYN has a bad 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 a resistance zone just above the current price starting at 9.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.90, a Stop Loss order could be placed below this zone.
More info and screens
MYN Support and Resistance Analysis
9.07
We found 2 important support areas.
- A support zone ranging from 9.65 to 9.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.16 to 9.24. 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 9.90 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.21 to 10.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
MYN Technical Indicator Signal Analysis
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 MYN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYN is up. |
| ChartMill Relative Strength | 39.17 | NEUTRAL | MYN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MYN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MYN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.15 | NEUTRAL | The RSI value for MYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.02 | OVERBOUGHT | The high Stochastics value suggests MYN may be overbought. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for MYN suggests low volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for MYN suggests a possible start of a new trend. |
MYN Chart- and CandleStick Pattern Analysis
MYN Technicals: Chart, Performance Metrics, Trend & Indicators
9.9
-0.02 (-0.2%)
BLACKROCK MUNIYIELD NY QLTY / MYN TA FAQ
Can you provide the ChartMill technical rating for BLACKROCK MUNIYIELD NY QLTY?
ChartMill assigns a technical rating of 2 / 10 to MYN.
What is the current trend direction of BLACKROCK MUNIYIELD NY QLTY (MYN) stock?
The current trend direction for BLACKROCK MUNIYIELD NY QLTY (MYN) is Bearish.
Can you provide the RSI signal for BLACKROCK MUNIYIELD NY QLTY?
BLACKROCK MUNIYIELD NY QLTY (MYN) has an RSI value of 53.1534. This indicates that the stock is currently neutral.
What is the short term momentum for MYN stock?
The short term momentum for BLACKROCK MUNIYIELD NY QLTY (MYN) is positive.