MFS HIGH INCOME MUNICIPAL TR (CXE) Stock Technical Analysis
NYSE:CXE - New York Stock Exchange, Inc. - US59318D1046 - Currency: USD
Overall CXE gets a technical rating of 0 out of 10. CXE'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CXE is a bad performer in the overall market: 75% of all stocks are doing better.
CXE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CXE is lagging the market.
In the last month CXE has a been trading in a tight range between 3.45 and 3.61.
Although the technical rating is bad, CXE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CXE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
3.37
3.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.49 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.40 to 3.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.52 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.71 to 3.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.88 from a horizontal line in the weekly time frame.
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 CXE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CXE is neutral. |
| ChartMill Relative Strength | 25.65 | NEGATIVE | CXE has a low relative strength, it was outperformed by 74.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CXE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CXE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CXE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.62 | NEUTRAL | The RSI value for CXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CXE has a positive trend. |
| Stochastics (14,3) | 65.21 | NEUTRAL | The Stochastics value for CXE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for CXE suggests low volalility. |
| Average Directional Index/ADX (14) | 26.22 | POSITIVE | The high ADX value value for CXE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.51
-0.04 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.13%
1 Week0.57%
2 Weeks0.86%
1 Month-2.09%
3 Month-2.09%
6 Month-6.4%
12 Month-7.87%
2 Year3.24%
3 Year-8.59%
5 Year-27.33%
10 Year-23.36%
15 Year-34.27%
Volatility
ATR(14)0.04
ATR(20)%1.02%
ATR Inc63.83%
Range Today0.06
ADR(20)0.03
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.65
Mansfield-1.15
10 Day High3.57
10 Day Low3.45
20 Day High3.61
20 Day Low3.45
52 Week High4.03
52 Week Low3.38
CS1 End3.5
CR1 Start3.52
Volume & EV
DER(3)14.65%
DER(5)7.79%
Volume59.70K
Volume Incr-38.54%
Vol(5)58.06K
Vol(50)86.98K