BLACKROCK MUNI INC QLTY (BYM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BYM - US0924791041
We assign a technical rating of 4 out of 10 to BYM. BYM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
BYM 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 a support zone below the current price at 10.90, a Stop Loss order could be placed below this zone.
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9.99
3 important support areas can be observed.
- A support zone ranging from 10.76 to 10.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.35 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.09 to 10.17. 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 10.93 to 11.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.36 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for BYM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BYM is neutral. |
| ChartMill Relative Strength | 40.96 | NEUTRAL | BYM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BYM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BYM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BYM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.09 | NEUTRAL | The RSI value for BYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BYM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.56 | NEUTRAL | The Stochastics value for BYM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.9 | LOW VOLATILITY | The low ATR as a percentage value for BYM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.36 | NEGATIVE | The low ADX value for BYM suggests a weak or negative trend. |
10.92
+0.02 (+0.18%)
BLACKROCK MUNI INC QLTY / BYM FAQ
What is the technical rating for BYM stock?
ChartMill assigns a technical rating of 4 / 10 to BYM.
What is the current trend direction of BLACKROCK MUNI INC QLTY (BYM) stock?
The current trend direction for BLACKROCK MUNI INC QLTY (BYM) is Bearish.
Can you provide the RSI signal for BLACKROCK MUNI INC QLTY?
BLACKROCK MUNI INC QLTY (BYM) has an RSI value of 49.0867. This indicates that the stock is currently neutral.
What is the short term momentum for BYM stock?
The short term momentum for BLACKROCK MUNI INC QLTY (BYM) is neutral.
What is the support and resistance level for BYM stock?
BLACKROCK MUNI INC QLTY (BYM) has a support level at 10.9 and a resistance level at 10.93. Check the full technical report for our detailed analysis of BYM support and resistance levels.