Why Blackrock Municipal Income Quality Trust ($BYM) Is Doing What It’s Doing (2019-11-19)

REPORTING FOR 2019-11-19 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how BYM has been trading over the last 2 weeks and the past day especially. On its latest session, Blackrock Municipal Income Quality Trust ($BYM) opened at 13.81, reaching a high of 13.865 and a low of 13.757 before closing at a price of 13.8613. There was a total volume of 154052.

VOLUME INDICATORS FOR BLACKROCK MUNICIPAL INCOME QUALITY TRUST ($BYM): We saw an accumulation-distribution index of 54.39581, an on-balance volume of 13.82, chaikin money flow of 2.92727 and a force index of -0.00072. There was an ease of movement rating of 4e-05, a volume-price trend of -0.21393 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR BLACKROCK MUNICIPAL INCOME QUALITY TRUST ($BYM): We noted an average true range of 0.05009, bolinger bands of 13.82017, an upper bollinger band of 13.72683, lower bollinger band of 13.757, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 13.81067, high band keltner channel of 13.75567, low band keltner channel of 13.86567, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 13.757, a donchian channel low band of 13.757, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR BLACKROCK MUNICIPAL INCOME QUALITY TRUST ($BYM): We calculated a Moving Average Convergence Divergence (MACD) of 0.00074, a MACD signal of 0.00041, a MACD difference of 0.00033, a fast Exponential Moving Average (EMA) indicator of 13.757, a slow Exponential Moving Average (EMA) indicator of 13.757, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.14662, a trix of -1.41146, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 0.21294, a KST Oscillator (KST) of -15.24266 and a KST Oscillator (KST Signal) of -15.24266 (leaving a KST difference of 0.59055). We also found an Ichimoku rating of 13.8375, an Ichimoku B rating of 13.8375, a Ichimoku visual trend A of 14.02778, an Ichimoku visual trend B of 13.98855, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR BLACKROCK MUNICIPAL INCOME QUALITY TRUST ($BYM): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 49.93626, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -102.91693, a stochastic oscillator of 196.36364, a stochastic oscillator signal of 196.36364, a Williams %R rating of 96.36364 and an awesome oscillator of 0.01075.

RETURNS FOR BLACKROCK MUNICIPAL INCOME QUALITY TRUST ($BYM): There was a daily return of -1.52427, a daily log return of 0.23959 and a cumulative return of 0.23988.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-19 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Blackrock Municipal Income Quality Trust ($BYM)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Blackrock Municipal Income Quality Trust ($BYM) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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