MFS INVESTMENT GRADE MUNI (CXH) Technical Analysis
NYSE:CXH • US59318B1089
Current stock price
CXH Technical Rating and Analysis
Taking everything into account, CXH scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CXH is only an average performer.
- Warning: CXH has an average volume of 18287 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- CXH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CXH is performing more or less in line with the market.
- When comparing the performance of all stocks over the past year, CXH turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- In the last month CXH has a been trading in a tight range between 8.11 and 8.39.
- Considerably lower volume is observed in the last couple of days.
CXH Weekly and Daily overview Charts
CXH Setup Rating and Analysis
CXH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.13, a Stop Loss order could be placed below this zone.
More info and screens
CXH Support and Resistance Analysis
7.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.01 to 8.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.84 from a horizontal line in the daily time frame.
- A support zone ranging from 7.34 to 7.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 8.21 to 8.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CXH Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for CXH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CXH is neutral. |
| ChartMill Relative Strength | 55.58 | NEUTRAL | CXH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CXH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CXH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CXH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.44 | NEUTRAL | The RSI value for CXH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CXH has a negative trend. |
| Stochastics (14,3) | 37.42 | NEUTRAL | The Stochastics value for CXH is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for CXH suggests low volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for CXH suggests a weak or negative trend. |
CXH Chart- and CandleStick Pattern Analysis
CXH Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.24 | 8.15 | 0.09 (1.07%) | 25.00% |
| An entry @8.24. This is a Buy Stop order right above the 10 day moving average. | An exit @8.15. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 1.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.27%. |
- The distance between exit and entry is rather small compared to the average daily movement of CXH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CXH Technicals: Chart, Performance Metrics, Trend & Indicators
8.16
-0.09 (-1.09%)
MFS INVESTMENT GRADE MUNI / CXH TA FAQ
What is the ChartMill technical rating of MFS INVESTMENT GRADE MUNI (CXH) stock?
ChartMill assigns a technical rating of 6 / 10 to CXH.
What is the current trend direction of MFS INVESTMENT GRADE MUNI (CXH) stock?
The current trend direction for MFS INVESTMENT GRADE MUNI (CXH) is Bullish.
What is the RSI signal for MFS INVESTMENT GRADE MUNI (CXH) stock?
MFS INVESTMENT GRADE MUNI (CXH) has an RSI value of 47.4354. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MFS INVESTMENT GRADE MUNI?
The short term momentum for MFS INVESTMENT GRADE MUNI (CXH) is neutral.
Can you provide the support and resistance levels for MFS INVESTMENT GRADE MUNI?
MFS INVESTMENT GRADE MUNI (CXH) has a support level at 8.13 and a resistance level at 8.21. Check the full technical report for our detailed analysis of CXH support and resistance levels.