Blackrock MuniHoldings Fund Inc Stock Forecast
Red day on Monday for Blackrock MuniHoldings Fund Inc
(Updated on Apr 22, 2024)
The Blackrock MuniHoldings Fund Inc stock price fell by -0.261% on the last day (Monday, 22nd Apr 2024) from $11.51 to $11.48. During the last trading day the stock fluctuated 0.611% from a day low at $11.45 to a day high of $11.52. The price has fallen in 7 of the last 10 days and is down by -3.04% for this period. Volume has increased on the last day by 71 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, 115 thousand shares were bought and sold for approximately $1.32 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.46 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.01% during the next 3 months and, with a 90% probability hold a price between $11.23 and $11.79 at the end of this 3-month period.
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MHD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackrock MuniHoldings 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 $11.51 and $11.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Blackrock MuniHoldings Fund Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Blackrock MuniHoldings 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 0.611%. For the last week the stock has had daily average volatility of 0.550%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MHD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Blackrock MuniHoldings Fund Inc to open at $11.48, and during the day (based on 14 day Average True Range), to move between $11.39 and $11.57, which gives a possible trading interval of +/-$0.0889 (+/-0.77%) up or down from last closing price. If Blackrock MuniHoldings Fund Inc takes out the full calculated possible swing range there will be an estimated 1.55% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $11.82, some $0.340 (2.96%) from the current price of $11.48, our system finds the risk reward not very attractive.
Is Blackrock MuniHoldings Fund Inc stock A Buy?
Blackrock MuniHoldings Fund Inc holds several negative signals and is within a 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.
Current score: -1.151 Sell Candidate Unchanged
Predicted Opening Price for Blackrock MuniHoldings Fund Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $11.48 ( 0.0290%) | $11.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MHD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.55 | 0.639 % | |
| R2 | 11.53 | 0.406 % | ||
| R1 | 11.51 | 0.262 % | ||
| Current price: | 11.48 | |||
| Support | S1 | 11.46 | -0.204 % | |
| S2 | 11.44 | -0.348 % | ||
| S3 | 11.41 | -0.581 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.09 | 5.31 % | |
| R2 | 11.92 | 3.83 % | ||
| R1 | 11.82 | 2.96 % | ||
| Current price | 11.48 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MHD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0525 | 0.457% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0525 | 0.440% |
| 3 | Nov 14, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0525 | 0.437% |
| 4 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0525 | 0.435% |
| 5 | Nov 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0525 | 0.441% |
FAQ
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