Blackrock MuniYield Investment Fund Technical Analysis (NYSE:MYF)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. Just by looking at the Blackrock MuniYield Investment 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 MYF Chart which creates a trading signal.
See Blackrock MuniYield Investment Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Investment Fund Analysis.
Blackrock MuniYield Investment Fund Moving Average
Moving averages show the average price of MYF stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $13.69 is below the last closing price of $13.7 and the 50 day moving average of $13.74 is above the last closing price of $13.7. The 10 and 20 day periods can predict short term moving average trends.
Blackrock MuniYield Investment Fund Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MYF stock. Currently the Price of $13.7 is in the upper range of Blackrock MuniYield Investment Fund bollinger bands.
Blackrock MuniYield Investment 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 Investment Fund MACD indicator is below 0 indicating a bearish trend.
Blackrock MuniYield Investment Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of MYF stock is 53.06.