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 1 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.
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.
72% 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 3.48 and 3.56.
CXE 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 support zone below the current price at 3.53, a Stop Loss order could be placed below this zone.
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 3.53. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.55 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 3.68 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 | NEUTRAL | NEUTRAL | The short term trend for CXE is neutral. |
| ChartMill Relative Strength | 28.65 | NEGATIVE | CXE has a low relative strength, it was outperformed by 71.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CXE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CXE is above the rising 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) | 51.39 | 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) | 69.49 | NEUTRAL | The Stochastics value for CXE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for CXE suggests low volalility. |
| Average Directional Index/ADX (14) | 7.57 | NEGATIVE | The low ADX value for CXE suggests a weak or negative 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)
3.53
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks1.15%
1 Month-0.56%
3 Month-4.08%
6 Month-3.29%
12 Month-4.85%
2 Year1.44%
3 Year-6.12%
5 Year-24.25%
10 Year-23.43%
15 Year-29.26%
Volatility
ATR(14)0.03
ATR(20)%0.94%
ATR Inc-8.58%
Range Today0.05
ADR(20)0.03
ADR(20)%0.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.65
Mansfield-1.05
10 Day High3.56
10 Day Low3.49
20 Day High3.56
20 Day Low3.48
52 Week High4.03
52 Week Low3.38
CS1 End3.53
CR1 Start3.55
Volume & EV
DER(3)1.1%
DER(5)1.52%
Volume87.90K
Volume Incr-40.5%
Vol(5)57.14K
Vol(50)82.43K