VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

MYN.L Forecast and Technical Stock Analysis

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Sell candidate since 2019-07-17

No changes to the price of BlackRock MuniYield New York Insured Fnd in the last trading day ( Friday, 19th Jul 2019 ). During the day the stock fluctuated 0.00% from a day low at £0.14 to a day high of £0.14. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

Quick summary:

  • 30 day high of the MYN.L stock price was £0.14 and low was £0.14.
  • 90 day high was £0.16 and low was £0.00.
  • 52 week high for BlackRock MuniYield New York Insured Fnd - £0.58 and low - £0.00.
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Trend

BlackRock MuniYield New York Insured Fnd is at the upper part of a very wide and horizontal trend and normally this would pose a good selling opportunity but a break-up through the top trend line at £0.16 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend, you can expect BlackRock MuniYield New York Insured Fnd with a 90% probability to be traded between £0.00 and £0.16 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

BlackRock MuniYield New York Insured Fnd holds buy signals from both short- and long-term moving averages. In addition, 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 £0.14 and £0.12. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

A sell signal from a double top formation was found on Thursday July 18, 2019 and based on theory for this formation the price should fall by -0.02% to £0.12 within 28 trading days since signal was issued (Wednesday August 28, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 50 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

BlackRock MuniYield New York Insured Fnd finds support from accumulated volume at £0.14.

Support: £0.14 Price: £0.14 Resistance: £0.15

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.

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

0.00 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

BlackRock MuniYield New York Insured Fnd 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.

Will MYN.L stock price go up or down on Tue, 23 Jul 2019?

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