Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MYD
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Green day on Thursday for Blackrock MuniYield Fund Inc
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 0.45% PDF

The Blackrock MuniYield Fund Inc stock price gained 0.454% on the last trading day (Thursday, 28th Mar 2024), rising from $11.01 to $11.06. During the last trading day the stock fluctuated 0.91% from a day low at $10.96 to a day high of $11.06. The price has been going up and down for this period, and there has been a 0.82% 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, 50 thousand more shares were traded than the day before. In total, 159 thousand shares were bought and sold for approximately $1.76 million.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.62% during the next 3 months and, with a 90% probability hold a price between $11.54 and $12.04 at the end of this 3-month period.

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MYD Signals & Forecast

There are mixed signals in the stock today. The Blackrock MuniYield Fund Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.06. On a fall, the stock will find some support from the short-term average at $11.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -1.86%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Blackrock MuniYield Fund Inc stock

Blackrock MuniYield Fund Inc finds support from accumulated volume at $10.98 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 0.91%. For the last week the stock has had daily average volatility of 0.620%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MYD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Blackrock MuniYield Fund Inc to open at $11.03, and during the day (based on 14 day Average True Range), to move between $10.98 and $11.14, which gives a possible trading interval of +/-$0.0837 (+/-0.76%) up or down from last closing price. If Blackrock MuniYield Fund Inc takes out the full calculated possible swing range there will be an estimated 1.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.08 (0.18%) than the support at $10.98 (0.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Blackrock MuniYield Fund Inc stock A Buy?

Blackrock MuniYield Fund Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.770 Sell Candidate Unchanged

Predicted Opening Price for Blackrock MuniYield Fund Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$11.03 ( 0.301%) $11.06

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

Trading levels for MYD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.13 0.603 %
R2 11.09 0.257 %
R1 11.06 0.0440 %
Current price: 11.06
Support S1 10.99 -0.647 %
S2 10.96 -0.86 %
S3 10.93 -1.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.16 0.90 %
R2 11.10 0.362 %
R1 11.08 0.181 %
Current price 11.06
Support S1 10.98 -0.723%
S2 10.96 -0.90%
S3 10.93 -1.18%

MYD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Apr 01, 2024 $0.0525 0.475%
2 Nov 17, 2023 Feb 14, 2024 Mar 01, 2024 $0.0525 0.467%
3 Nov 14, 2023 Jan 11, 2024 Feb 01, 2024 $0.0525 0.485%
4 Nov 14, 2023 Dec 14, 2023 Dec 29, 2023 $0.0525 0.487%
5 Nov 01, 2023 Nov 14, 2023 Dec 01, 2023 $0.0370 0.352%

FAQ

What is the symbol for Blackrock MuniYield Fund Inc Stock and on which exchange is it traded?
The symbol for Blackrock MuniYield Fund Inc is MYD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Blackrock MuniYield Fund Inc Stock?
Blackrock MuniYield Fund Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Blackrock MuniYield Fund Inc Stock?
Blackrock MuniYield Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Blackrock MuniYield Fund Inc Stock.

What's the current price of Blackrock MuniYield Fund Inc Stock?
As of the end of day on the 2024-03-28, the price of an Blackrock MuniYield Fund Inc (MYD) share was $11.06.

What is the 52-week high and low for Blackrock MuniYield Fund Inc Stock?
The 52-week high for Blackrock MuniYield Fund Inc Stock is $11.30 and the 52-week low is $8.76.

What is the market capitalization of Blackrock MuniYield Fund Inc Stock?
As of the 2024-03-28, the market capitalization of Blackrock MuniYield Fund Inc is 518.932M.
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About Blackrock MuniYield Fund Inc

BlackRock MuniYield Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes. BlackRock MuniYield Fund, Inc. was formed on November 29, 1991 and is domiciled in United States.... MYD Profile

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