Blackrock MuniYield Fund Technical Analysis (NYSE:MYD)
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 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 MYD Chart which creates a trading signal.
See Blackrock MuniYield Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Blackrock MuniYield Fund Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Blackrock MuniYield Fund Moving Average
Moving averages show the MYD Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $13.77 is above the price of $13.57.
Blackrock MuniYield Fund Bollinger Bands
Bollinger bands comprise of a center line usually MYD SMA, and two MYD 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. The Price is trading between the average and the lower band in the context of Blackrock MuniYield Fund bollinger bands.
Blackrock MuniYield 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 Fund MACD indicator is below 0 indicating a bearish trend.
Blackrock MuniYield Fund Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 33.65 is the RSI value of MYD stock.