Blackrock MuniYield New Jersey Fund Technical Analysis (NYSE:MYJ)
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. The Blackrock MuniYield New Jersey Fund Price data and volume are plotted in MYJ Charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Blackrock MuniYield New Jersey Fund. The technical analysis form of Blackrock MuniYield New Jersey 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 New Jersey Fund Moving Average
Moving averages help predict the price direction of MYJ stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Blackrock MuniYield New Jersey Fund are mostly signals of long term trends and will help long term traders.
Blackrock MuniYield New Jersey Fund Bollinger Bands
Bollinger bands comprise of a center line usually MYJ SMA, and two MYJ 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 New Jersey Fund bollinger bands.
Blackrock MuniYield New Jersey 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 New Jersey Fund MACD indicator is below 0 indicating a bearish trend.
Blackrock MuniYield New Jersey 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. If the RSI of MYJ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.