How the (BNY) price action is used to our Advantage
May 19, 2024, 15:28 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BNY
- Buy BNY slightly over 10.45 target 10.99 stop loss @ 10.42 Details
The technical summary data tells us to buy BNY near 10.45 with an upside target of 10.99. This data also tells us to set a stop loss @ 10.42 to protect against excessive loss in case the stock begins to move against the trade. 10.45 is the first level of support below 10.7 , and by rule, any test of support is a buy signal. In this case, support 10.45 is being tested, a buy signal would exist.
- Short BNY slightly under 10.99, target 10.45, stop loss @ 11.02 Details
The technical summary data is suggesting a short of BNY as it gets near 10.99 with a downside target of 10.45. We should have a stop loss in place at 11.02though. 10.99 is the first level of resistance above 10.7, and by rule, any test of resistance is a short signal. In this case, if resistance 10.99 is being tested, a short signal would exist.
Swing Trading Plans for BNY
- Buy BNY slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy BNY just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 10.7, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BNY slightly near n/a, target 10.45, Stop Loss @ 0. Details
The technical summary data is suggesting a short of BNY if it tests n/a with a downside target of 10.45. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BNY
- Buy BNY slightly over 10.99, target n/a, Stop Loss @ 10.96 Details
If 10.99 begins to break higher, the technical summary data tells us to buy BNY just slightly over 10.99, with an upside target of n/a. The data also tells us to set a stop loss @ 10.96 in case the stock turns against the trade. 10.99 is the first level of resistance above 10.7, and by rule, any break above resistance is a buy signal. In this case, 10.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BNY slightly near 10.99, target 10.45, Stop Loss @ 11.02. Details
The technical summary data is suggesting a short of BNY if it tests 10.99 with a downside target of 10.45. We should have a stop loss in place at 11.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 10.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Blackrock New York Municipal Income Trust (BNY) available here: BNY.
BNY Ratings for May 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
9.85 |
| P2 |
10.76 |
10.85 |
10.45 |
| P3 |
0 |
|
10.99 |
AI Generated Signals for BNY
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Blackrock New York Municipal Income Trust (NYSE: BNY) data table below can help you with price action, and we have more details too. Trading plans for BNY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BNY:
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