Blackrock MuniAssets Fund Inc 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
Evaluation of Blackrock MuniAssets Fund Inc stock downgraded after the last trading session.
(Updated on May 06, 2024)
The Blackrock MuniAssets Fund Inc stock price gained 0.729% on the last trading day (Monday, 6th May 2024), rising from $10.97 to $11.05. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.792% from a day low at $10.98 to a day high of $11.07. The price has risen in 7 of the last 10 days and is up by 0.55% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 73 thousand shares were bought and sold for approximately $807.25 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Blackrock MuniAssets Fund Inc stock with a 90% probability to be traded between $10.89 and $11.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MUA Signals & Forecast
There are mixed signals in the stock today. The Blackrock MuniAssets Fund Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.10. On a fall, the stock will find some support from the short-term average at $10.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 with a target of $11.04. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Blackrock MuniAssets Fund Inc stock
Blackrock MuniAssets Fund Inc finds support from accumulated volume at $11.02 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 $0.0870 between high and low, or 0.792%. For the last week the stock has had daily average volatility of 0.89%
Our recommended stop-loss: $10.51 (-4.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (MUA) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Blackrock MuniAssets Fund Inc to open at $11.03, and during the day (based on 14 day Average True Range), to move between $10.92 and $11.18, which gives a possible trading interval of +/-$0.130 (+/-1.18%) up or down from last closing price. If Blackrock MuniAssets Fund Inc takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.06 (0.09%) than the support at $11.02 (0.27%), 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 MuniAssets Fund Inc stock A Buy?
Blackrock MuniAssets Fund Inc 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. 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 Hold/Accumulate candidate.
Current score: -0.372 Hold/Accumulate Downgraded
Predicted Opening Price for Blackrock MuniAssets Fund Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $11.03 ( 0.160%) | $11.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.12 | 0.627 % | |
| R2 | 11.09 | 0.327 % | ||
| R1 | 11.07 | 0.141 % | ||
| Current price: | 11.05 | |||
| Support | S1 | 11.00 | -0.461 % | |
| S2 | 10.98 | -0.646 % | ||
| S3 | 10.95 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.08 | 0.271 % | |
| R2 | 11.07 | 0.181 % | ||
| R1 | 11.06 | 0.0905 % | ||
| Current price | 11.05 | |||
| Support | S1 | 11.02 | -0.271% | |
| S2 | 10.97 | -0.724% | ||
| S3 | 10.87 | -1.63% |
MUA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 03, 2024 | $0.0555 | 0.503% |
| 2 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0555 | 0.509% |
| 3 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0555 | 0.503% |
| 4 | Nov 17, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0555 | 0.501% |
| 5 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0555 | 0.506% |
FAQ
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