Blackrock MuniAssets Fund Inc Stock Forecast

Blackrock MuniAssets Fund Inc stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)

MUA Signals & Forecast

There are few to no technical positive signals at the moment. The Blackrock MuniAssets 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 $11.03 and $11.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -3.87%. 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). Blackrock MuniAssets 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 MuniAssets Fund Inc stock

Blackrock MuniAssets Fund Inc finds support from accumulated volume at $10.91 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 $0.156 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.05%.

Our recommended stop-loss: $10.52 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (MUA) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Blackrock MuniAssets Fund Inc to open at $10.94, and during the day (based on 14 day Average True Range), to move between $10.79 and $11.07, which gives a possible trading interval of +/-$0.141 (+/-1.29%) up or down from last closing price. If Blackrock MuniAssets Fund Inc takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.91 (0.18%) than the resistance at $11.06 (1.19%), 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 MuniAssets Fund Inc stock A Buy?

Blackrock MuniAssets Fund Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.754 Hold/Accumulate Downgraded

Predicted Opening Price for Blackrock MuniAssets Fund Inc of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.