Blackrock MuniYield Pennsylvania Quality Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Blackrock MuniYield Pennsylvania Quality stock price ended at $11.99 on Wednesday, after gaining 0.167%.
(Updated on May 01, 2024)
The Blackrock MuniYield Pennsylvania Quality stock price gained 0.167% on the last trading day (Wednesday, 1st May 2024), rising from $11.97 to $11.99. During the last trading day the stock fluctuated 1.97% from a day low at $11.90 to a day high of $12.13. The price has fallen in 6 of the last 10 days and is down by -3.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $364.20 thousand.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.97 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.10% during the next 3 months and, with a 90% probability hold a price between $12.23 and $12.68 at the end of this 3-month period.
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MPA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.167%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Blackrock MuniYield Pennsylvania Quality has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackrock MuniYield Pennsylvania Quality stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.13 and $12.09. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Blackrock MuniYield Pennsylvania Quality stock
Blackrock MuniYield Pennsylvania Quality finds support from accumulated volume at $11.90 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.235 between high and low, or 1.97%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $11.27 (-5.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (MPA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Blackrock MuniYield Pennsylvania Quality Fund to open at $12.01, and during the day (based on 14 day Average True Range), to move between $11.82 and $12.16, which gives a possible trading interval of +/-$0.167 (+/-1.39%) 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 2.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.00 (0.08%) than the support at $11.90 (0.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Blackrock MuniYield Pennsylvania Quality Fund stock A Buy?
Blackrock MuniYield Pennsylvania Quality holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.977 Hold/Accumulate Unchanged
Predicted Opening Price for Blackrock MuniYield Pennsylvania Quality Fund of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$12.01 ( 0.152%) | $11.99 |
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 | 12.24 | 2.11 % | |
R2 | 12.15 | 1.36 % | ||
R1 | 12.10 | 0.90 % | ||
Current price: | 11.99 | |||
Support | S1 | 11.92 | -0.595 % | |
S2 | 11.86 | -1.06 % | ||
S3 | 11.77 | -1.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.12 | 1.08 % | |
R2 | 12.01 | 0.167 % | ||
R1 | 12.00 | 0.0834 % | ||
Current price | 11.99 | |||
Support | S1 | 11.90 | -0.751% | |
S2 | 11.85 | -1.17% | ||
S3 | 11.72 | -2.25% |
MPA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0480 | 0.400% |
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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