Blackrock Muni Intermediate Duration Stock Forecast
Weaker technical forecast for Blackrock Muni Intermediate Duration as stock downgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The Blackrock Muni Intermediate Duration stock price fell by -0.601% on the last day (Wednesday, 24th Apr 2024) from $11.65 to $11.58. During the last trading day the stock fluctuated 0.86% from a day low at $11.57 to a day high of $11.67. The price has risen in 5 of the last 10 days but is still down by -0.86% for this period. Volume has increased on the last day by 8 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, 126 thousand shares were bought and sold for approximately $1.46 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $11.57 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Blackrock Muni Intermediate Duration stock with a 90% probability to be traded between $11.64 and $12.18 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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MUI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.173%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blackrock Muni Intermediate Duration 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 $11.61 and $11.83. A break-up above any of these levels will issue buy signals. Blackrock Muni Intermediate Duration 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". The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Blackrock Muni Intermediate Duration stock
Blackrock Muni Intermediate Duration finds support from accumulated volume at $11.54 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 $0.1000 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 0.724%.
Our recommended stop-loss: $10.98 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MUI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Blackrock Muni Intermediate Duration Fund Inc to open at $11.61, and during the day (based on 14 day Average True Range), to move between $11.48 and $11.68, which gives a possible trading interval of +/-$0.0972 (+/-0.84%) up or down from last closing price. If Blackrock Muni Intermediate Duration Fund Inc takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.54 (0.35%) than the resistance at $11.67 (0.78%), 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 Muni Intermediate Duration Fund Inc stock A Buy?
Blackrock Muni Intermediate Duration 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: -0.018 Hold/Accumulate Downgraded
Predicted Opening Price for Blackrock Muni Intermediate Duration Fund Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$11.61 ( 0.230%) | $11.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.71 | 1.09 % | |
R2 | 11.67 | 0.764 % | ||
R1 | 11.64 | 0.560 % | ||
Current price: | 11.58 | |||
Support | S1 | 11.57 | -0.0996 % | |
S2 | 11.54 | -0.303 % | ||
S3 | 11.51 | -0.633 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.72 | 1.21 % | |
R2 | 11.70 | 1.04 % | ||
R1 | 11.67 | 0.777 % | ||
Current price | 11.58 | |||
Support | S1 | 11.54 | -0.345% | |
S2 | 11.53 | -0.432% | ||
S3 | 11.45 | -1.12% |
MUI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0550 | 0.475% |
2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0550 | 0.463% |
3 | Nov 17, 2023 | Feb 14, 2024 | Mar 01, 2024 | $0.0550 | 0.465% |
4 | Nov 14, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.0550 | 0.466% |
5 | Nov 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0550 | 0.473% |
FAQ
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