Investors are typically looking for any little advantage when it comes to the equity markets. Investors often have to figure out not only how certain companies are faring, but also how the overall global economic landscape is shaping up. Focusing in on the proper economic data can help detect overall trends in the economy. Investors who are able to hone their analytical skills might be able to put themselves in a much better position to achieve success. Being able to process and organize all of the different types of financial information that is constantly being thrown around may be a great asset to the individual trader and investor. The amount of information floating around in today’s investing climate is enormous. Zooming in on the most pertinent information can help keep things manageable.
Traders might be keeping tabs on the Hull Moving Average for BlackRock New York Municipal Income Trust (NYSE:BNY). The current HMA reading is 13.345852. Traders may use the HMA to help identify the prevalent market trend. This may also lend to spotting useful exit and entry points on the stock.
Investors tracking shares of BlackRock New York Municipal Income Trust (NYSE:BNY) will note that since the stock opened at 13.43, shares have seen a change of 0.03. During that period, the stock has touched a low of 13.43 and tipped a high of 13.465. Volume on the day is presently 400.
Conducting technical analysis of the stock may include following the Keltner Channel indicator. A recent check shows the 20 day lower band at 13.082562 and the 20 day upper band at 13.201642. During a clearly defined trend, a break above or below these levels may point to the underlying strength of the trend. A break above the upper band may signal continuing bullish trend strength, and a break below the lower band may signal continuing bearish trend strength.
The SMA or Simple Moving Average can be calculated for different time periods. The SMA helps smooth out volatility and makes it a bit less difficult to gauge the price trend of a stock. Let’s view some popular SMA levels below:
Simple Moving Average 20 day: 13.1085
Simple Moving Average 100 day: 12.59495
Simple Moving Average 10 day13.218
Simple Moving Average 50 day: 12.9349
Simple Moving Average 30 day: 13.050834
Simple Moving Average 200 day: 12.398525
The 20 day Chaikin Money Flow indicator for BlackRock New York Municipal Income Trust (NYSE:BNY) is currently 0.78222436. This indicator was developed by Marc Chaikin who observed that the pressures of buying and selling could be figured out by where a period finishes relative to the range of highs and lows.
Traders may use a variety of moving average indicators when examining a particular stock. Checking on some Exponential Moving Averages, we note that the 200 day is 12.7112875, the 100 day is 12.728937, and the 50 day is 12.938637. Zooming in closer, we note that the 30 day EMA is 13.068009, the 20 day is 13.142102, and the 10 day is noted at 13.2383995.
Investors will typically be keeping track of historical highs and lows for a particular stock that they are researching. Watching levels for BlackRock New York Municipal Income Trust (NYSE:BNY, we can see that the all time high is currently 18, and the all time low is 7.75. Let’s look at some alternate high/low price data:
Six month low: 11.75
Six month high: 13.51
One year low: 11.7
One year high: 13.51
Three month low: 12.44
Three month high: 13.51
One month low: 12.79
One month high: 13.51
Scanning the equity markets, it is quite obvious that there are plenty of stocks to choose from. This may make things a bit overwhelming for the beginner investor, but it should also be seen as a great opportunity. Of course, studying up on every single stock may be nearly impossible. Just focusing in on a few different stocks at a time that pique the interest may be the way to start. Investors are often bombarded with stock picking strategies and sure bet winners. Some of the information might end up being correct, but a lot of it may turn out to be nonsense. If investors decide to manage their own money, they may want to make sure that no stone is left unturned. Doing the proper amount of research can work wonders for the health of a portfolio over the course of time. Following a proven market guru may work for some, but it may leave others with many questions that have gone unanswered. What works for one investor may not work for another.