Blackrock MuniYield Quality Fund Inc Stock Forecast

Blackrock MuniYield Quality Fund Inc stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)

MQY Signals & Forecast

There are few to no technical positive signals at the moment. The Blackrock MuniYield Quality Fund Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.02 and $12.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -4.65%. 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.

Support, Risk & Stop-loss for Blackrock MuniYield Quality Fund Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.125 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 0.91%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MQY) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Blackrock MuniYield Quality Fund Inc to open at $11.94, and during the day (based on 14 day Average True Range), to move between $11.80 and $12.00, which gives a possible trading interval of +/-$0.0989 (+/-0.83%) up or down from last closing price. If Blackrock MuniYield Quality Fund Inc takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $12.16, some $0.260 (2.18%) from the current price of $11.90, our system finds the risk reward not very attractive.

Is Blackrock MuniYield Quality Fund Inc stock A Buy?

Blackrock MuniYield Quality Fund Inc holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.216 Sell Candidate Downgraded

Predicted Opening Price for Blackrock MuniYield Quality Fund Inc of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.