Blackrock MuniYield California Fund Technical Analysis (NYSE:MYC)
Technical analysis is the study of Price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Blackrock MuniYield California Fund Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the MYC Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Blackrock MuniYield California Fund. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Blackrock MuniYield California Fund Analysis.
Blackrock MuniYield California Fund Moving Average
Moving averages show the MYC Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $13.37 is above the last closing price of $13.19 and the 50 day moving average of $13.63 is above the last closing price of $13.19. The 10 and 20 day periods can predict short term moving average trends.
Blackrock MuniYield California Fund Bollinger Bands
Bollinger bands comprise of a center line usually MYC SMA, and two MYC Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. Blackrock MuniYield California Fund bollinger bands show that the Price is $13.19, upper band is 13.58, lower band is 13.16, and the average is 13.37.
Blackrock MuniYield California Fund Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The Blackrock MuniYield California Fund MACD indicator can be used to identify bullish and bearish trends for the stock.
Blackrock MuniYield California Fund Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in Price movements . 40.91 is the RSI value of MYC stock.