Blackrock MuniYield Pennsylvania Quality Stock Forecast
Blackrock MuniYield Pennsylvania Quality stock price ended at $12.21 on Thursday, after losing 1.53%.
(Updated on Apr 18, 2024)
The Blackrock MuniYield Pennsylvania Quality stock price fell by -1.53% on the last day (Thursday, 18th Apr 2024) from $12.40 to $12.21. During the last trading day the stock fluctuated 1.81% from a day low at $12.17 to a day high of $12.39. The price has been going up and down for this period, and there has been a 1.67% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -51 thousand shares and in total, 16 thousand shares were bought and sold for approximately $201.42 thousand.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.32% during the next 3 months and, with a 90% probability hold a price between $12.29 and $12.82 at the end of this 3-month period.
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MPA Signals & Forecast
The Blackrock MuniYield Pennsylvania Quality stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.08 and $12.04. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -1.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Friday, April 12, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 12, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Blackrock MuniYield Pennsylvania Quality stock
Blackrock MuniYield Pennsylvania Quality finds support from accumulated volume at $12.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.220 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 2.18%
Our recommended stop-loss: $11.66 (-4.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MPA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Blackrock MuniYield Pennsylvania Quality Fund to open at $12.26, and during the day (based on 14 day Average True Range), to move between $12.05 and $12.37, which gives a possible trading interval of +/-$0.160 (+/-1.31%) up or down from last closing price. If Blackrock MuniYield Pennsylvania Quality Fund takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.12 (0.74%) than the resistance at $12.40 (1.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blackrock MuniYield Pennsylvania Quality Fund stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blackrock MuniYield Pennsylvania Quality stock to perform well in the short-term.
Current score: 1.685 Buy Candidate Unchanged
Predicted Opening Price for Blackrock MuniYield Pennsylvania Quality Fund of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$12.26 ( 0.382%) | $12.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MPA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.48 | 2.18 % | |
R2 | 12.39 | 1.50 % | ||
R1 | 12.34 | 1.07 % | ||
Current price: | 12.21 | |||
Support | S1 | 12.17 | -0.306 % | |
S2 | 12.12 | -0.731 % | ||
S3 | 12.04 | -1.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 12.40 | 1.56 % | ||
Current price | 12.21 | |||
Support | S1 | 12.12 | -0.737% | |
S2 | 12.01 | -1.64% | ||
S3 | 11.72 | -4.01% |
MPA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0480 | 0.391% |
2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0480 | 0.399% |
3 | Nov 17, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0480 | 0.405% |
4 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0480 | 0.402% |
5 | Nov 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0480 | 0.413% |
FAQ
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