BNY BlackRock New York Municipal Income Trust
Asset Management NYSE
Trading Signals (BNY)
Overall Signal
SELL
Strong sellish signal based on multiple indicators.
Key Price Levels
Support Levels
- Strong Support $9.46
- Medium Support $9.53
- Weak Support $9.6
Resistance Levels
- Weak Resistance $9.74
- Medium Resistance $9.81
- Strong Resistance $9.88
Stop Loss Suggestions
- Conservative $9.73
- Moderate $9.77
- Aggressive $9.84
Signal Indicator
| Indicator | Signal | Strength | Timeframe |
|---|---|---|---|
| Moving Averages | NEUTRAL |
|
Short & Medium Term |
| Oscillators | SELL |
|
Short Term |
| Trend Indicators | SELL |
|
Medium Term |
| Volume Indicators | SELL |
|
Short & Medium Term |
| Support/Resistance | NEUTRAL |
|
Short Term |
Stock Price Prediction Price Target Probabilities (BNY)
Quarterly Outlook :
2025-07-06
Bullish Scenario
from current 4.55%
Strong upward momentum and confirmed bullish trend, with potential for significant price appreciation. Indicators point to sustained buying pressure. ADX (25.47) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (42.75) is in bearish territory, indicating downward momentum. MACD line (-0.14) is below Signal line (-0.13) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
2025-07-06
Base Scenario
from current -2.28%
Price is likely to continue its moderate trajectory, reflecting underlying market conditions and historical volatility. Indicators suggest a balanced outlook. ADX (25.47) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (42.75) is in bearish territory, indicating downward momentum. MACD line (-0.14) is below Signal line (-0.13) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
2025-07-06
Bearish Scenario
from current -5.69%
Increased selling pressure and potential for a significant price correction or downtrend. Indicators suggest waning bullish momentum or strengthening bearish forces. ADX (25.47) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (42.75) is in bearish territory, indicating downward momentum. MACD line (-0.14) is below Signal line (-0.13) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Annual Outlook
2025-07-06
Bullish Scenario
from current 9.1%
Long-term bullish trend with strong fundamental catalysts and sustained institutional buying. Expect significant capital appreciation over the year. ADX (25.47) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (42.75) is in bearish territory, indicating downward momentum. MACD line (-0.14) is below Signal line (-0.13) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
2025-07-06
Base Scenario
from current -4.55%
Steady long-term growth consistent with market and industry averages. Price expected to follow a typical growth trajectory. ADX (25.47) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (42.75) is in bearish territory, indicating downward momentum. MACD line (-0.14) is below Signal line (-0.13) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
2025-07-06
Bearish Scenario
from current -11.38%
Long-term bearish trend with significant headwinds from economic factors, industry disruption, or company-specific issues. Expect notable price depreciation. ADX (25.47) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (42.75) is in bearish territory, indicating downward momentum. MACD line (-0.14) is below Signal line (-0.13) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Technical Analysis (BNY)
Trend Identification
EMA
Exponential Moving Average
Current price (9.67) is between Short MA (9.65) and Long MA (9.73), or near one of them. This suggests consolidation or mixed signals. Short MA (9.65) is below Long MA (9.73), a bearish crossover ('Death Cross' if it's a significant period). This indicates a downward trend. MAs (9.65, 9.73, 9.98) show mixed alignment, suggesting market indecision or range-bound activity. Market is in a choppy or sideways phase. Wait for a clearer trend to emerge before taking directional trades.
MACD
Moving Average Convergence Divergence
MACD line is above the Signal line (bullish crossover). This indicates upward momentum. Histogram (0.0200) is positive and expanding, confirming bullish momentum. Both MACD and Signal lines are below the zero line, reinforcing bearish momentum (bearish territory). A bullish crossover below the zero line can indicate a reversal from a prior downtrend. Consider this as a potential early buy signal.
ADX
Average Directional Index
ADX (26.37) indicates a strong trend is present. -DI (17.10) is above +DI (15.86), suggesting a bearish directional bias. This combination points to a strong downward trend. Consider taking short positions, as the strong downward trend is confirmed.
Momentum Measurement
RSI (2025-07-06)
Relative Strength Index
RSI (49.12) is in the bearish territory, but not yet oversold. This indicates downward momentum. Monitor for continuation or signs of strength.
OBV (2025-07-06)
On-Balance Volume
OBV (-1640013.00) is falling, indicating selling pressure and distribution. Price is falling and OBV is falling. This is bearish confirmation, indicating selling pressure supports the price decrease. Consider holding short positions or initiating new ones. Volume is supporting the trend.
Stochastic (2025-07-06)
Stochastic Oscillator
Stochastics (%K: 78.06, %D: 76.85) are in the neutral zone (between 20 and 80). No clear bullish or bearish crossover signal currently. The lines are close or moving sideways.
CCI (2025-07-06)
Commodity Channel Index
CCI (82.48) is between 0 and +100. This indicates bullish momentum is present, but not yet extreme. A move above 0 from negative territory (bullish zero-line cross) can indicate a potential buy signal.
Volatility Measurement
ATR (2025-07-06)
Average True Range
Current ATR is 0.0900. ATR indicates average volatility. Market conditions are relatively stable.
Bollinger Bands (2025-07-06)
Volatility Bands
Current price (9.67) is within the Bollinger Bands (9.56 - 9.73). This suggests the price is trading within its typical volatility range. Price is above the Middle Band (9.65), indicating short-term bullish bias. Bollinger Bands are very narrow. This indicates low volatility and could precede a significant price move (a 'squeeze'). Prepare for a breakout. Trade breakouts with confirmation from volume or other momentum indicators.
Risk Management & Potential Reversals (BNY)
SAR (2025-07-06)
Parabolic Stop and Reverse
SAR points below price indicate bullish trend. Current SAR at 9.60 is 0.72% from price. Consider SAR as a potential stop-loss level to protect gains in an uptrend.
Stochastic (2025-07-06)
Approaching Overbought
Stochastic is approaching overbought territory (78.1). No reversal signal yet. Monitor for potential bearish crossover (K below D) or entry into overbought (80+) followed by reversal.
RSI (2025-07-06)
Reversal Perspective
Current RSI level is in neutral territory. No RSI divergence detected. Current RSI level doesn't suggest imminent reversal.
Bollinger Bands (2025-07-06)
Reversal Perspective
Bollinger Bands are narrowing, indicating low volatility and a potential 'squeeze'. This often precedes a significant price move.Price is in the upper half of the bands, suggesting a bullish bias.
Holder List Top 20 (BNY)
| Holder Name | Holder Type | Shares | Pct. Held | Date Reported |
|---|---|---|---|---|
| Saba Capital Management, L.P. | INSTITUTIONAL | 1934784 | 8.02% | 2025-03-31 |
| Karpus Management, Inc. | INSTITUTIONAL | 580390 | 2.41% | 2025-03-31 |
| Guggenheim Capital, LLC | INSTITUTIONAL | 347114 | 1.44% | 2025-03-31 |
| Rivernorth Capital Management, LLC | INSTITUTIONAL | 333170 | 1.38% | 2025-03-31 |
| Fiera Capital Corporation | INSTITUTIONAL | 293832 | 1.22% | 2025-03-31 |
| Bank of America Corporation | INSTITUTIONAL | 236414 | 0.98% | 2025-03-31 |
| Mackay Shields LLC | INSTITUTIONAL | 218559 | 0.91% | 2025-03-31 |
| Whitebox Advisors, LLC | INSTITUTIONAL | 152792 | 0.63% | 2025-03-31 |
| Royal Bank of Canada | INSTITUTIONAL | 152475 | 0.63% | 2025-03-31 |
| Hennion & Walsh Asset Management, Inc. | INSTITUTIONAL | 146299 | 0.61% | 2025-03-31 |
| RiverNorth Managed Duration Municipal Income Fund Inc. | MUTUALFUND | 112951 | 0.47% | 2025-03-31 |
| RiverNorth Flexible Municipal Income Fund II Inc. | MUTUALFUND | 96843 | 0.4% | 2025-03-31 |
| Starboard Investment Trust-Matisse Discounted Bond CEF Strategy | MUTUALFUND | 69921 | 0.29% | 2025-03-31 |
| INVESTMENT MANAGERS SERIES TRUST-Robinson Tax Advantaged Income Fund | MUTUALFUND | 55829 | 0.23% | 2025-03-31 |
| RiverNorth Managed Duration Municipal Income Fund II Inc. | MUTUALFUND | 46936 | 0.19% | 2025-03-31 |
| RiverNorth Opportunistic Municipal Income Fund Inc. | MUTUALFUND | 41835 | 0.17% | 2025-03-31 |
| PIMCO Flexible Municipal Income Fund | MUTUALFUND | 40759 | 0.17% | 2025-03-31 |
| RiverNorth Flexible Municipal Income Fund Inc. | MUTUALFUND | 34605 | 0.14% | 2025-03-31 |
| Saba Capital Income & Opportunities Fund II | MUTUALFUND | 26865 | 0.11% | 2025-01-31 |
| NEW YORK LIFE INVESTMENTS Fd.S TRT-NYLI MacKay High Yield Muni Bond Fd | MUTUALFUND | 26795 | 0.11% | 2025-01-31 |