Blackrock Muniholdings New York Qulty Fd Stock Forecast
Blackrock Muniholdings New York Qulty Fd stock upgraded to Buy Candidate.
(Updated on Apr 19, 2024)
The Blackrock Muniholdings New York Qulty Fd stock price gained 0.95% on the last trading day (Friday, 19th Apr 2024), rising from £103.02 to £104.00. During the last trading day the stock fluctuated 0.97% from a day low at £103.00 to a day high of £104.00. The price has been going up and down for this period, and there has been a 0.2% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately £2.23 million.
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 Muniholdings New York Qulty Fd stock with a 90% probability to be traded between £103.39 and £106.34 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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MHN.L Signals & Forecast
The Blackrock Muniholdings New York Qulty Fd 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 £103.86 and £103.48. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.555%. 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).
A buy signal from a double bottom formation was found on Friday, March 15, 2024 with a target of £103.31. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Blackrock Muniholdings New York Qulty Fd stock
Blackrock Muniholdings New York Qulty Fd finds support from accumulated volume at £103.50 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 £1.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: £99.78 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (MHN.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Blackrock Muniholdings New York Qulty Fd to open at £103.67, and during the day (based on 14 day Average True Range), to move between £102.82 and £105.18, which gives a possible trading interval of +/-£1.18 (+/-1.13%) up or down from last closing price. If Blackrock Muniholdings New York Qulty Fd takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £103.50 (0.48%) than the resistance at £104.58 (0.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Blackrock Muniholdings New York Qulty Fd will release earnings BMO on Monday, April 22, 2024. We will update the financials statements for Blackrock Muniholdings New York Qulty Fd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.509% in the first trading day after earnings release.
Is Blackrock Muniholdings New York Qulty Fd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Blackrock Muniholdings New York Qulty Fd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.096 Buy Candidate Upgraded
Predicted Opening Price for Blackrock Muniholdings New York Qulty Fd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £103.67 ( 0.321%) | £104.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MHN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.67 | 0.641 % | |
| R2 | 104.28 | 0.274 % | ||
| R1 | 104.05 | 0.0468 % | ||
| Current price: | 104.00 | |||
| Support | S1 | 103.28 | -0.688 % | |
| S2 | 103.05 | -0.91 % | ||
| S3 | 102.67 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 104.58 | 0.558 % | ||
| Current price | 104.00 | |||
| Support | S1 | 103.50 | -0.481% | |
| S2 | 102.50 | -1.44% | ||
| S3 | 102.00 | -1.92% |
MHN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £0.400 | 0.394% |
| 2 | Apr 21, 2022 | Jun 01, 2022 | Jun 29, 2022 | £0.200 | 0.202% |
| 3 | Apr 28, 2020 | May 14, 2020 | Jun 12, 2020 | £0.400 | 0.462% |
| 4 | Apr 01, 2019 | May 02, 2019 | Jun 05, 2019 | £0.700 | 0.84% |
FAQ
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