Blackrock MuniYield Quality Fund Inc Stock Forecast
Green day on Tuesday for Blackrock MuniYield Quality Fund Inc stock after gaining 0.591%
(Updated on Apr 23, 2024)
The Blackrock MuniYield Quality Fund Inc stock price gained 0.591% on the last trading day (Tuesday, 23rd Apr 2024), rising from $11.85 to $11.92. During the last trading day the stock fluctuated 0.97% from a day low at $11.84 to a day high of $11.96. The price has fallen in 6 of the last 10 days and is down by -2.53% for this period. Volume fell on the last day by -47 thousand shares and in total, 107 thousand shares were bought and sold for approximately $1.27 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $11.85 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Blackrock MuniYield Quality Fund Inc stock with a 90% probability to be traded between $11.78 and $12.38 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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MQY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.591%. 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 MuniYield Quality 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 $11.95 and $12.23. 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). 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.
Support, Risk & Stop-loss for Blackrock MuniYield Quality Fund Inc stock
Blackrock MuniYield Quality Fund Inc finds support from accumulated volume at $11.90 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 $0.115 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.87%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MQY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Blackrock MuniYield Quality Fund Inc to open at $11.91, and during the day (based on 14 day Average True Range), to move between $11.82 and $12.02, which gives a possible trading interval of +/-$0.0986 (+/-0.83%) up or down from last closing price. If Blackrock MuniYield Quality Fund Inc takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.90 (0.17%) than the resistance at $12.16 (2.01%), 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 MuniYield Quality Fund Inc stock A Buy?
Blackrock MuniYield Quality 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: -1.195 Sell Candidate Unchanged
Predicted Opening Price for Blackrock MuniYield Quality Fund Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $11.91 ( 0.126%) | $11.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MQY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.02 | 0.84 % | |
| R2 | 11.98 | 0.470 % | ||
| R1 | 11.95 | 0.243 % | ||
| Current price: | 11.92 | |||
| Support | S1 | 11.86 | -0.494 % | |
| S2 | 11.83 | -0.722 % | ||
| S3 | 11.79 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.25 | 2.77 % | |
| R2 | 12.19 | 2.27 % | ||
| R1 | 12.16 | 2.01 % | ||
| Current price | 11.92 | |||
| Support | S1 | 11.90 | -0.168% | |
| S2 | 11.85 | -0.587% | ||
| S3 | 0 | . |
MQY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0580 | 0.487% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0580 | 0.475% |
| 3 | Nov 14, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0580 | 0.469% |
| 4 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0580 | 0.471% |
| 5 | Nov 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0580 | 0.476% |
FAQ
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