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BNY
ETF ticker: NYSE
AS OF
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Net Assets
281.12M

BNY BlackRock New York Municipal Income Trust Forecast, Technical & Fundamental Analysis

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BNY with price predictions
07:00 PM EST Nov 27, 2023

BNY in upward trend: price rose above 50-day moving average on November 07, 2023

BNY moved above its 50-day moving average on November 07, 2023 date and that indicates a change from a downward trend to an upward trend. In of 34 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on BNY as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for BNY crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BNY advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 227 cases where BNY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BNY broke above its upper Bollinger Band on November 03, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Blackrock NY Municipal Income Tr has an investment objective to provide current income exempt from regular U.S. federal income tax and New York State and New York City personal income taxes. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from U.S. federal income taxes and New York State and New York City personal income taxes.
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Muni New York Long
Address
100 Bellevue ParkwayMutual Fund DepartmentWilmington
Phone
N/A
Web
www.blackrock.com
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BNY and

Correlation & Price change

A.I.dvisor indicates that over the last year, BNY has been closely correlated with MHN. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if BNY jumps, then MHN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BNY
1D Price
Change %
BNY100%
-0.50%
MHN - BNY
76%
Closely correlated
+1.00%
MYN - BNY
71%
Closely correlated
+0.21%
NRK - BNY
61%
Loosely correlated
+0.40%
NAN - BNY
59%
Loosely correlated
+0.39%
VTN - BNY
59%
Loosely correlated
+0.40%
More