MFS INTERMEDIATE HIGH INCOME (CIF) Stock Technical Analysis
NYSE:CIF • US59318T1097
We assign a technical rating of 0 out of 10 to CIF. CIF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CIF is a bad performer in the overall market: 69% of all stocks are doing better.
- CIF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CIF is lagging the market.
- In the last month CIF has a been trading in a tight range between 1.69 and 1.73.
CIF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.68, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.66
When analyzing the support we notice one important area.
- Strong support @1.68 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.71 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.76 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CIF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CIF is neutral. |
| ChartMill Relative Strength | 31.63 | NEUTRAL | CIF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CIF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.05 | NEUTRAL | The RSI value for CIF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CIF has a negative trend. |
| Stochastics (14,3) | 49.12 | NEUTRAL | The Stochastics value for CIF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for CIF suggests low volalility. |
| Average Directional Index/ADX (14) | 18.44 | NEGATIVE | The low ADX value for CIF suggests a weak or negative trend. |
1.705
0 (0%)
MFS INTERMEDIATE HIGH INCOME / CIF FAQ
What is the technical rating for CIF stock?
ChartMill assigns a technical rating of 0 / 10 to CIF.
What is the trend direction for CIF stock?
The current trend direction for MFS INTERMEDIATE HIGH INCOME (CIF) is Bearish.
What is the RSI signal for CIF stock?
MFS INTERMEDIATE HIGH INCOME (CIF) has an RSI value of 45.0535. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MFS INTERMEDIATE HIGH INCOME?
The MACD indicator for MFS INTERMEDIATE HIGH INCOME (CIF) has a value of -0.00000680912, indicating a bearish trend.