BNYM MUNICIPAL INCOME (DMF) Technical Analysis
NYSEARCA:DMF • US05589T1043
Current stock price
DMF Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to DMF. DMF 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 DMF.
- DMF 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 DMF has a been trading in a tight range between 6.83 and 7.00.
- Volume is considerably higher in the last couple of days.
DMF Weekly and Daily overview Charts
DMF Setup Rating and Analysis
Although the technical rating is bad, DMF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.90, a Stop Loss order could be placed below this zone.
More info and screens
DMF Support and Resistance Analysis
6.54
3 important support areas can be observed.
- A support zone ranging from 6.90 to 6.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.76 to 6.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.93 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @7.31 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.49 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
DMF 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 | DOWN | NEGATIVE | The long term trend for DMF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DMF is neutral. |
| ChartMill Relative Strength | 28.91 | NEGATIVE | DMF has a low relative strength, it was outperformed by 71.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DMF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DMF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DMF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.81 | NEUTRAL | The RSI value for DMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DMF has a positive trend. |
| Stochastics (14,3) | 62.07 | NEUTRAL | The Stochastics value for DMF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for DMF suggests low volalility. |
| Average Directional Index/ADX (14) | 31.77 | POSITIVE | The high ADX value value for DMF suggests a strong trend. |
DMF Chart- and CandleStick Pattern Analysis
DMF Technicals: Chart, Performance Metrics, Trend & Indicators
6.93
-0.01 (-0.14%)
BNYM MUNICIPAL INCOME / DMF TA FAQ
Can you provide the ChartMill technical rating for BNYM MUNICIPAL INCOME?
ChartMill assigns a technical rating of 0 / 10 to DMF.
Can you provide the trend direction for BNYM MUNICIPAL INCOME?
The current trend direction for BNYM MUNICIPAL INCOME (DMF) is Bearish.
Can you provide the RSI signal for BNYM MUNICIPAL INCOME?
BNYM MUNICIPAL INCOME (DMF) has an RSI value of 45.814. This indicates that the stock is currently neutral.
What is the MACD signal for BNYM MUNICIPAL INCOME (DMF) stock?
The MACD indicator for BNYM MUNICIPAL INCOME (DMF) has a value of 0.000562556, indicating a bearish trend.