BlackRock MuniVest Common Stock Forecast
Red day on Tuesday for BlackRock MuniVest Common stock after losing 0.147%
(Updated on Apr 23, 2024)
The BlackRock MuniVest Common stock price fell by -0.147% on the last day (Tuesday, 23rd Apr 2024) from $6.82 to $6.81. During the last trading day the stock fluctuated 0.369% from a day low at $6.81 to a day high of $6.84. The price has fallen in 6 of the last 10 days and is down by -2.3% for this period. Volume has increased on the last day by 73 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 223 thousand shares were bought and sold for approximately $1.52 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $6.77 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BlackRock MuniVest Common stock with a 90% probability to be traded between $6.67 and $6.98 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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MVF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.383%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BlackRock MuniVest Common 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 $6.97. On a fall, the stock will find some support from the short-term average at $6.81. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Wednesday, March 13, 2024 and based on theory for this formation the price should fall by -0.520% to $6.77 within 28 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for BlackRock MuniVest Common stock
BlackRock MuniVest Common finds support from accumulated volume at $6.80 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 $0.0251 between high and low, or 0.369%. For the last week the stock has had daily average volatility of 0.515%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MVF) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect BlackRock MuniVest Common to open at $6.82, and during the day (based on 14 day Average True Range), to move between $6.75 and $6.87, which gives a possible trading interval of +/-$0.0590 (+/-0.87%) up or down from last closing price. If BlackRock MuniVest Common takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.80 (0.22%) than the resistance at $6.91 (1.47%), 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 MuniVest Common stock A Buy?
BlackRock MuniVest Common holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.814 Sell Candidate Unchanged
Predicted Opening Price for BlackRock MuniVest Common of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $6.82 ( 0.122%) | $6.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.84 | 0.490 % | |
| R2 | 6.83 | 0.350 % | ||
| R1 | 6.83 | 0.263 % | ||
| Current price: | 6.81 | |||
| Support | S1 | 6.81 | -0.0189 % | |
| S2 | 6.80 | -0.106 % | ||
| S3 | 6.79 | -0.247 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.10 | 4.26 % | |
| R2 | 7.01 | 2.94 % | ||
| R1 | 6.91 | 1.47 % | ||
| Current price | 6.81 | |||
| Support | S1 | 6.80 | -0.220% | |
| S2 | 6.78 | -0.382% | ||
| S3 | 0 | . |
MVF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0300 | 0.441% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0300 | 0.431% |
| 3 | Nov 17, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0300 | 0.428% |
| 4 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0300 | 0.421% |
| 5 | Nov 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0300 | 0.421% |
FAQ
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