In its latest trading session, Blackrock MuniYield New Jersey Fund, Inc. (NYSE:MYJ) spiked up by 0.6% – here is what that looked like (as of 2019-12-26):
What’s the reason for these moves? To understand this better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 33.541, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.082, an Accumulation/Distribution Index (ADI) of 0.082, an On-Balance Volume (OBV) of 57.864, and a Chaiikin Money Flow (CMF) of -15.11. 1.222
Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:
So there you have it – our analysis of Blackrock MuniYield New Jersey Fund, Inc. (NYSE:MYJ). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.