Blackrock Muniyield Insured Fund Inc Stock Forecast
Green day on Friday for Blackrock Muniyield Insured Fund Inc
(Updated on May 03, 2024)
The Blackrock Muniyield Insured Fund Inc stock price gained 0.795% on the last trading day (Friday, 3rd May 2024), rising from £251.50 to £253.50. It has now gained 3 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 1.20% from a day low at £250.50 to a day high of £253.50. The price has risen in 8 of the last 10 days and is up by 3.89% over the past 2 weeks. Volume fell on the last day by -161 thousand shares and in total, 574 thousand shares were bought and sold for approximately £145.63 million. 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 lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £254.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.77% during the next 3 months and, with a 90% probability hold a price between £250.70 and £261.66 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MYI.L Signals & Forecast
Mostly positive signals in the chart today. The Blackrock Muniyield Insured Fund Inc 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 £250.93 and £248.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.54%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Blackrock Muniyield Insured Fund Inc stock
Blackrock Muniyield Insured Fund Inc finds support from accumulated volume at £249.00 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 £3.00 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: £241.73 (-4.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (MYI.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Blackrock Muniyield Insured Fund Inc to open at £252.50, and during the day (based on 14 day Average True Range), to move between £249.80 and £257.20, which gives a possible trading interval of +/-£3.70 (+/-1.46%) up or down from last closing price. If Blackrock Muniyield Insured Fund Inc takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £249.00, some £4.50 (1.78%) from the current price of £253.50, our system finds the risk reward attractive.
Is Blackrock Muniyield Insured Fund Inc 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 Insured Fund Inc stock to perform well in the short-term.
Current score: 3.576 Buy Candidate Unchanged
Predicted Opening Price for Blackrock Muniyield Insured Fund Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £252.50 ( 0.394%) | £253.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MYI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 255.50 | 0.789 % | |
| R2 | 254.35 | 0.337 % | ||
| R1 | 253.65 | 0.0576 % | ||
| Current price: | 253.50 | |||
| Support | S1 | 251.35 | -0.85 % | |
| S2 | 250.65 | -1.13 % | ||
| S3 | 249.50 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 253.50 | |||
| Support | S1 | 249.00 | -1.78% | |
| S2 | 248.00 | -2.17% | ||
| S3 | 247.50 | -2.37% |
MYI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2024 | Jul 04, 2024 | Aug 16, 2024 | £2.50 | 0.99% |
| 2 | Apr 25, 2024 | Apr 25, 2024 | May 20, 2024 | £4.30 | 1.70% |
| 3 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | £2.40 | 0.95% |
| 4 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | £0.0240 | 0.0105% |
| 5 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £0.0240 | 0.0101% |
FAQ
Click here for our free guide on how to buy Blackrock Muniyield Insured Fund Inc Stock.
