MFS HIGH INCOME MUNICIPAL TR (CXE) Stock Technical Analysis
NYSE:CXE - New York Stock Exchange, Inc. - US59318D1046 - Currency: USD
Taking everything into account, CXE scores 0 out of 10 in our technical rating. CXE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
77% of all other stocks performed better in the past year than CXE.
CXE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CXE has a been trading in a tight range between 3.45 and 3.61.
CXE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.42, a Stop Loss order could be placed below this zone.
More info and screens
3.37
3.92
We found 1 important support area.
- 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.49 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.65 to 3.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.86 to 3.88. 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 CXE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CXE is down. |
| ChartMill Relative Strength | 23.83 | NEGATIVE | CXE has a low relative strength, it was outperformed by 76.17% 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) | 41.83 | NEUTRAL | The RSI value for CXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CXE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.75 | OVERSOLD | The low Stochastics value suggests CXE may be oversold. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for CXE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.22 | NEUTRAL | The ADX value for CXE suggests a possible start of a new 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)
3.49
+0.02 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.58%
1 Week0.29%
2 Weeks-1.69%
1 Month-1.13%
3 Month-0.85%
6 Month-5.68%
12 Month-6.56%
2 Year-4.12%
3 Year-14.46%
5 Year-29.78%
10 Year-24.95%
15 Year-32.23%
Volatility
ATR(14)0.04
ATR(20)%1.15%
ATR Inc-50.16%
Range Today0.02
ADR(20)0.04
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.83
Mansfield-1.45
10 Day High3.55
10 Day Low3.45
20 Day High3.61
20 Day Low3.45
52 Week High4.03
52 Week Low3.38
CS1 End3.42
CR1 Start3.49
Volume & EV
DER(3)-10.73%
DER(5)-9.24%
Volume25.50K
Volume Incr35.97%
Vol(5)106.60K
Vol(50)87.29K